A Study Conducted by TeleCable Estimates That the Number of Cable

question 238

Short Answer

A study conducted by TeleCable estimates that the number of cable TV subscribers will grow at the rate of new subscribers/month t months from the start date of the service. If 5,000 subscribers signed up for the service before the starting date, how many subscribers will there be 16 months from that date?
__________ subscribers

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Definitions:

Present Value

The present value of a future sum or cash flow series, considering a determined rate of return.

Compound Interest

Interest on both the initial principal and the interest that has been added to this principal.

Order Of Operations

The rules determining the sequence in which operations (addition, subtraction, multiplication, and division) should be carried out in a mathematical expression.

Compound Interest

Interest that is figured on the base amount initially invested or borrowed, along with the previously gathered interest.