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Your subscription to Jogger's World is about to expire and you have the choice of renewing it at $10 a year regular rate or of
Your subscription to Jogger's World is about to expire and you have the choice of renewing it at $10 a year regular rate or of getting a lifetime subscription to the magazine at a cost of $100. You may invest money at 7 percent annually. How many years would you have to live to make the lifetime subscription worthwhile? Payments for the regular subscription are made at the end of each year.
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