The monthly average cable TV bill in 2017 is $65.13. If cable costs are climbing at an annual rate of 8% per year, how much will the typical cable subscriber pay in 20217 Assume annual compounding A Click the icon to view the Interest and annulty table for discrete compounding when i= 8% per year. The typical cable subscriber will pay S per month in 2021. (Round to the nearest cent.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The monthly average cable TV bill in 2017 is $65.13. If cable costs are climbing at an annual rate of 8% per year, how much will the typical cable subscriber pay in 2021? Assume annual compounding
A Click the icon to view the Interest and annulty table for discrete compounding when i= 8% per year.
The typical cable subscriber will pay $ per month in 2021. (Round to the nearest cent.)
Transcribed Image Text:The monthly average cable TV bill in 2017 is $65.13. If cable costs are climbing at an annual rate of 8% per year, how much will the typical cable subscriber pay in 2021? Assume annual compounding A Click the icon to view the Interest and annulty table for discrete compounding when i= 8% per year. The typical cable subscriber will pay $ per month in 2021. (Round to the nearest cent.)
More Info
bay S per month in 2021. (Round to
Derea Gompriuntlng
Kiompind
Presien
Facfor
Given
1.0000
Q 4808
0,3080
1.0800
0.9259
1.0000
0.9259
1.0800
1 7833
0.5608
0.3880
0 3019
0.2505
0.2163
0. 1921
0.1740
0.1601
2
1.1664
0.8573
2.0800
0.7938
0.7350
0.6806
0,6302
0.5835
3.2464
2.5771
3.3121
3.9927
3
1,2597
1.3605
1.4693
0.2219
0.1705
4
4.5061
5.8656
73359
8.9228
0.1363
0.1121
0 0940
0.0801
9.
1.5869
4 6229
5.2064
5.7466
6 2459
6.7101
1.7138
0.5403
0.5002
0.4632
10 6366
12.4876
14. 4866
8
1.8509
9
1.9990
10
2.1589
0.0690
0.1490
Print
Done
in the answer box.
Transcribed Image Text:More Info bay S per month in 2021. (Round to Derea Gompriuntlng Kiompind Presien Facfor Given 1.0000 Q 4808 0,3080 1.0800 0.9259 1.0000 0.9259 1.0800 1 7833 0.5608 0.3880 0 3019 0.2505 0.2163 0. 1921 0.1740 0.1601 2 1.1664 0.8573 2.0800 0.7938 0.7350 0.6806 0,6302 0.5835 3.2464 2.5771 3.3121 3.9927 3 1,2597 1.3605 1.4693 0.2219 0.1705 4 4.5061 5.8656 73359 8.9228 0.1363 0.1121 0 0940 0.0801 9. 1.5869 4 6229 5.2064 5.7466 6 2459 6.7101 1.7138 0.5403 0.5002 0.4632 10 6366 12.4876 14. 4866 8 1.8509 9 1.9990 10 2.1589 0.0690 0.1490 Print Done in the answer box.
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