Your Green Investment Tips subscription is about to expire.You plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $850, also payable immediately.Assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?
A) 7.48
B) 8.80
C) 10.35
D) 12.18
E) 14.33
Correct Answer:
Verified
Q147: Partners Bank offers to lend you $50,
Q148: Suppose your credit card issuer states that
Q149: Pacific Bank pays a 4.50% nominal rate
Q150: Suppose you borrowed $15, 000 at a
Q151: You are considering investing in a European
Q153: You agree to make 24 deposits of
Q154: Suppose you borrowed $15, 000 at a
Q155: Suppose you are buying your first home
Q156: Your older brother turned 35 today, and
Q157: Your bank offers to lend you $100,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents