Your Subscription to Investing Wisely Weekly Is About to Expire

question 15

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 $75 annually,beginning immediately,or you can get a lifetime subscription for $750,also payable immediately.Assuming you can earn 5.5% on your funds and the annual renewal rate will remain constant,how many years must you live to make the lifetime subscription the better buy? Round fractional years up.(Hint: Be sure to remember that you are solving for how many years you must live,not for how many payments must be made.)

• A)10
• B)11
• C)12
• D)13

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Definitions:

Simulation

The act of imitating the operation of a real-world process or system over time, often used for analysis, training, or entertainment.

Simulated Reality

suggests a hypothetical environment that is artificially created to emulate the real world in a convincing manner, often discussed in the context of technology and philosophy.

Manufacture Consent

The process by which powerful entities, such as the media or government, create a consensus among the public through manipulation, often to serve their own interests.

Mainstream Media

Traditional forms of mass communication, such as newspapers, television, and radio, that reach a large audience and significantly influence public perception.