Your Subscription to Investing Wisely Weekly Is About to Expire

question 116

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 $620,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) 6.95
• B) 8.86
• C) 9.14
• D) 11.15
• E) 10.60

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Definitions:

Spatial Abilities

The capacity to understand, reason, and remember the spatial relations among objects or space.

Gender Differences

Variations in the attributes, opportunities, behaviors, and roles typically associated with being male or female in a given society.

Mental Images

Visual representations in the mind that are not currently being perceived but recalled or imagined.

Meta-Analysis

A statistical technique for combining the findings from independent studies to determine overall trends.