Hoyd is a divorce attorney who practices Iaw in Fiorida. He wants to foin the American Divorce Lawyers Association (ADLA), a professional organization for divorce attorneys. The membership dues for the ADLA are $750 per vear and must be paid at the beginning of each year. For instance. memberstip dues for the first year are pald today, and tues for the second year are payable one year from today, However, the ADLA also hav an aption for members to buy a litetime membership today for 57,000 and never have to pay annual membership dues. obwously, the lifetime membership isn't a pood deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it's a great deal. Suppose that the appropriate annual intecest rate is 8.94, What is the minimum number of years that tioyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $750 in annual membership dues? (Note: Round your answer up to the nearest year) 13 vears 20 years 15 years 17 years