The monthly average cable TV bill in 2017 is $81.61. If cable costs are climbing at an annual rate of 7% per year, how much will the typical cable subscriber pay in 2021? Assume annual compounding. Click the icon to view the interest and annuity table for discrete compounding when i = 7% per year. The typical cable subscriber will pay $ per month in 2021 (Round to the nearest cent.)

The monthly average cable TV bill in 2017 is $81.61. If cable costs are climbing at an annual rate of 7% per year, how much will the typical cable subscriber pay in 2021? Assume annual compounding. Click the icon to view the interest and annuity table for discrete compounding when i = 7% per year. The typical cable subscriber will pay $ per month in 2021 (Round to the nearest cent.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The monthly average cable TV bill in 2017 is $81.61. If cable costs are climbing at an annual rate of 7% per year, how much will the typical cable subscriber pay in 2021? Assume annual
compounding.
Click the icon to view the interest and annuity table for discrete compounding when i = 7% per year.
The typical cable subscriber will pay $ per month in 2021 (Round to the nearest cent.)
C

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