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A local symphony association offers memebrships as follows: Continuing membership per year: $300 Patron lifetime membership: $5,000 The patron membership has been based on the
A local symphony association offers memebrships as follows: Continuing membership per year: $300 Patron lifetime membership: $5,000 The patron membership has been based on the symphony associations belief that it can obtain a 3% rate of return. If you agree that 3% is appropriate, would you be willing to purchase patron membership? Explain financial reasons for your decision - why or why not
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