Multiple Choice
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
Correct Answer:
Verified
Q67: Suppose you deposited $5, 000 in a
Q68: The store where you bought new home
Q69: You would like to travel in South
Q70: What's the future value of $1, 500
Q71: You plan to invest some money in
Q73: Pacific Bank pays a 4.50% nominal rate
Q74: Some of the cash flows shown on
Q75: The payment made each period on an
Q76: You want to open a sushi bar
Q77: The payment made each period on an