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QUESTION 8 In many cities, discount clubs are popular. For a fixed annual fee (paid in advance) one can purchase goods at 84% of their

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QUESTION 8 In many cities, discount clubs are popular. For a fixed annual fee (paid in advance) one can purchase goods at 84% of their listed price (in other words, 16% off the list price); otherwise, one pays the list price. Suppose that the annual fee is $200 and the interest rate on your savings account is 6%. Finally, assume discount club's list prices are the same as any other store. If the Kurtsman family plans to spend at least dollars at the store, they should join the discount club. Please record your answer without a dollar sign or a comma. 75

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