Your Subscription to Investing Wisely Weekly Is About to Expire

question 60

Multiple Choice

Your subscription to Investing Wisely Weekly is about to expire.You plan to subscribe to the magazine for the rest of your life,and you can renew it by paying $85 annually,beginning immediately,or you can get a lifetime subscription for $850,also payable immediately.Assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant,how many years must you live to make the lifetime subscription the better buy?

• A)7.48
• B)8.80
• C)10.35
• D)12.18
• E)14.33

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Definitions:

Top-Down Change

The change initiatives come from senior management.

Strategic Changes

Refers to major decisions and actions taken by an organization to achieve its long-term goals and adapt to external changes.

Organisational Targets

Specific goals or objectives that a company or organization aims to achieve in a set period.

Marketplace Conditions

The various factors influencing the environment in which businesses operate, including competition, customer preferences, and economic trends.