Your subscription to Investing Wisely Weekly 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 $620, 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. 6.95
B. 8.86
C. 9.14
D. 11.15
E. 10.60
Answer: C
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The double declining balance depreciation method calculates depreciation each year by taking twice the straight line rate times the book value of the asset at the beginning of each year
Indicate whether the statement is true or false
The capital budgeting technique known as accounting rate of return uses Salvage Annuity Time value of money
a. Yes No b. Yes Yes c. No Yes d. No No
As a means of reducing tension in a mediation, the mediator may meet with the parties individually and keep their confidences using a
a. caucus. b. mini-trial. c. med-arb. d. conciliation.
A device that allows many users on a LAN to centrally store and retrieve information is known as a
a. print server b. file server c. communications server d. none of the above