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Your Subscription to Investing Wisely Weekly Is About to Expire

question 15

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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.)


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.

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