Your Subscription to Jogger's World Monthly Is About to Run

question 60

Multiple Choice

Your subscription to Jogger's World Monthly is about to run out and you have the choice of renewing it by sending in the $10 a year regular rate or of getting a lifetime subscription to the magazine by paying $100.Your opportunity cost is 7 percent.How many years would you have to live to make the lifetime subscription the better buy? Payments for the regular subscription are made at the beginning of each year.(Round up if necessary to obtain a whole number of years. )

• A) 15 years
• B) 10 years
• C) 18 years
• D) 7 years
• E) 8 years.

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Definitions:

Interpersonal Intelligence

The capacity to understand the intentions, motivations, and desires of other people and to work effectively with others.

Analytic Intelligence

The ability typically measured by intelligence tests and crucial for academic success.

Tacit Intelligence

A form of intelligence that is understood or implied without being stated openly, often considered a component of practical intelligence.

Creative Intelligence

The ability to produce new and useful ideas by combining familiar concepts in novel ways.