The correct interpretation of the initial value of the function \( f(x) = -75x + 1,200 \) is:
The initial value of 1,200 represents the value of your cell phone at the time you purchase it.
This is because the initial value corresponds to the value of the function when \( x = 0 \), which would reflect the value of the cell phone at the moment of purchase. In this case, when \( x = 0 \):
\[ f(0) = -75(0) + 1,200 = 1,200 \]
Thus, the initial value of 1,200 indicates that the cell phone is worth $1,200 right at the time it is purchased.