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your subscription to the streaming service mytube is about to expire you may renew it for $200 a yesr or, instead you may get a
your subscription to the streaming service mytube is about to expire you may renew it for $200 a yesr or, instead you may get a lifetime subscription to the service fir a one time payment of $1600 today. payments for the regular subscription are made at the beginning of each year.
using a discount rate of 6%, how many years does it take to make the lifetime subscription the better deal?
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