[See Solution] A magazine subscription is running out and you can renew it by sending $10 a year (the regular rate) or get a lifetime subscription to the

Question:

A magazine subscription is running out and you can renew it by sending $10 a year (the regular rate) or get a lifetime subscription to the magazine for $100. Your cost of capital is 7%. How many years would you have to live to make the lifetime subscription the better buy? Payments for the regular subscription are made at the beginning of each year. (Round up if necessary to obtain a whole number of years.)

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

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[See Solution] A magazine subscription is running out and you can renew it by sending $10 a year (the regular rate) or get a lifetime subscription to the

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