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Finance Homework Question 1 answer below » 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 $75 annually, beginning immediately, or you can get a lifetime subscription for $750, also payable immediately. Assuming you can
earn 5.5% on your funds and the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy? Round
fractional years up . (Hint: Be sure to remember that you are solving for how many years you must live, not for how many payments must
be made.) View complete question » 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 $75 annually, beginning immediately, or you can get a lifetime subscription for $750, also payable immediately. Assuming you can
earn 5.5% on your funds and the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy? Round
fractional years up . (Hint: Be sure to remember that you are solving for how many years you must live, not for how many payments must
be made.) A. 7 B. 8 C. 9 D. 11 E. 13 View less » Jan 17 2014 09:54 PM
