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A lifetime subscription to your favorite magazine is available for $21,099. Alternatively, you could choose to renew it every yearfor $1,979, starting immediately. Assuming you

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A lifetime subscription to your favorite magazine is available for $21,099. Alternatively, you could choose to renew it every yearfor $1,979, starting immediately. Assuming you earn 6.5% on your funds, how many years must you live in order to make the lifetime subscription the better buy? 18.75 years 11.01 years 10.70 years 16.70 years 11.08 years

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