I am studying fo ray finance exam and have run cross a problem I do not know
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Question:
I am studying fo ray finance exam and have run cross a problem I do not know how to solve.
The annual subscription to a health magazine is currently $50, and is expected to increase by 6% per year forever. A life subscription is $410, payable today, and the discount rate is 10%. In order to justify your subscription, approximately how many more years must you live?
a.5 yearsB.10 yearsc.15 yearsd.17 yearse.20 years
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