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4. A subscription to the American Mathematical Society costs $180 per year. Suppose that the annual membership cost remains constant and that money in future
4. A subscription to the American Mathematical Society costs $180 per year. Suppose that the annual membership cost remains constant and that money in future years becomes less valuable to you at a discount rate of 5% per year. Do NOT do this problem without first finding out what a discount rate is. A lifetime membership costs $2,700. Which is a better deal, the lifetime membership or the annual subscription? Please be sure to specify any assumptions you make
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