The initial value of the function \( f(x) = -75x + 1200 \) corresponds to the value of your cell phone at the time you purchase it, which is when \( x = 0 \).
So, when you substitute \( x = 0 \):
\[ f(0) = -75(0) + 1200 = 1200 \]
Thus, the correct interpretation is:
The initial value of 1200 represents the value of your cell phone at the time you purchase it.