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you are currently a member of a club whos annual membership fee is $2000. The fee is expected to increase by 3 percent per year.

you are currently a member of a club whos annual membership fee is $2000. The fee is expected to increase by 3 percent per year. a. Would you buy for $65000 a lifelong family membership to the club tha can be passed down to your descendants? you can earn 6 percent on a long term bank deposit. b. what discount rate would make you indifferent? c. what annual membership fees would make you indifferent. d. what lifelong membeship price would make you indifferent?

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