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:

Habit

A regular behavior or practice that an individual performs automatically.

Comfort

A state of physical and emotional ease, often achieved through supportive environments or relationships.

Security

Measures or protocols taken to ensure the safety and protection of assets, data, and individuals from theft, harm, or other threats.

Need For Change

The requirement or motivation for making alterations or adjustments in one's personal life, work environment, or society.