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Please show all steps and equations used. Thank you! 16. Your subscription to Consumer Report is about to expire. You may renew it for $25

image text in transcribedPlease show all steps and equations used. Thank you!
16. Your subscription to Consumer Report is about to expire. You may renew it for $25 a year or, instead, you may get a lifetime subscription to the magazine for a onetime payment of $350 today. Payments for the regular subscription are made at the beginning of each yeah Using a discout rate of 6%, how many years does it take to make the lifetime subscription the better deal? Pick the closest answer A) 31 years T B) 14years C) 27 years D) 29 years

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