Average cable bill monthly

Asked by maham237 @ 06/01/2021 in Business viewed by 268 People

The monthly average cable TV bill in 2017 is $. If cable costs are climbing at an annual rate of % per year, how much will the typical cable subscriber pay in ? Assume annual compounding.

Answered by maham237 @ 06/01/2021

Full question:

The monthly average cable TV bill in 2017 is $80.58. If cable costs are climbing at an annual rate of 6% per year, how much will the typical cable subscriber pay in 2021? Assume annual compounding.

Answer and Explanation:

The present value of the TV bill is the money worth of the future TV bill today. Present value calculation shows that the value today is more than the value in the future(time value of money)

We calculate cost of the cable subscription in the future using future value as follows :

Since there is annual compounding

Future value formula= PV(1+r)^n

Given :

Present value PV= $80.58

r=6%

n=2021-2017=4 years

Substitute in formula FV = PV(1+r)^n

Future value=$80.58(1+0.06)^4

=$80.58(1+0.06)^4

=$80.58*1.2624

=$101.73

Take any three non-collinear points a b c and draw triangle a,b,c. through each vertex of the triangle draw a line parallel to the opposite side using ruler and compass

Asked by wiki @ 15/11/2022 in Mathematics viewed by 1561 persons

What is the topic of the info grapher

Asked by jesus643 @ 04/11/2022 in History viewed by 1552 persons

Elephant kills 11 in nepal , woman rescued from a friendly dolphine

Asked by kavin044 @ 19/10/2022 in English viewed by 1503 persons

What is the central idea of this excerpt? the goatherd wants the wild goats to join his herd. the bad weather keeps all the goats in their enclosure. the goatherd gives his own goats just enough food to survive. the wild goats leave because the goatherd mistreats his own goats.

Asked by nevaeh10 @ 17/10/2022 in English viewed by 1656 persons

What is the subject complement in the sentence ‘a long walk up the hill made us tired '

Asked by dog3636R @ 14/10/2022 in English viewed by 1451 persons

Foolproof module 9 test answers

Asked by maham237 @ 31/12/2020 in Business viewed by 3336 persons

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2755 persons

Average cable bill monthly

Similar Questions

Average monthly electric bill illinois

Average monthly income of p and q is 5050

How much does the average hair grow in a month

Average monthly income of a and b is 5050

An average apartment in los angeles costs 2000 per month

Overcoming fixed mindset: a step-by-step guide to cultivating a growth mindset

Which of the following would best complete this list?

What had the king decided to do before he saw the spider

Describe the karez in your own words

What is 8 + (x + 5)?

Take any three non-collinear points a b c and draw triangle a,b,c. through each vertex of the triangle draw a line parallel to the opposite side using ruler and compass

What is the topic of the info grapher

Elephant kills 11 in nepal , woman rescued from a friendly dolphine

What is the central idea of this excerpt? the goatherd wants the wild goats to join his herd. the bad weather keeps all the goats in their enclosure. the goatherd gives his own goats just enough food to survive. the wild goats leave because the goatherd mistreats his own goats.

What is the subject complement in the sentence ‘a long walk up the hill made us tired '

Most viewed questions in Business

Foolproof module 9 test answers

Interest rates are expressed as a percentage of

How to enhance knowledge regarding environmental factors through capsim?

Match the job titles with the career clusters.

A company that allows you to license software

Lupe is ready to open a checking account

Mays and mccovey are beer brewing companies

What must be marked on ready to eat bags phfs

Coq six sigma

Henry ford was the first entrepreneur to implement which strategy

Your company was recently served with a lawsuit

Case study starting a business project schedules and curves edgenuity

Which two of the four cs of credit have to do with earning potential and available cash?

The total annual expenditures on advertising in the united states