Your Subscription to Investing Wisely Weekly Is About to Expire

question 141

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 $740,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) 10.48
• B) 10.72
• C) 11.65
• D) 9.32
• E) 11.42

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Definitions:

Sociocultural Factors

Elements that influence social behavior and interactions, including cultural norms, traditions, beliefs, and social structures.

Gender Balance

The equal representation or distribution of individuals of different genders in a particular setting or activity.

Macro

Pertaining to large-scale or general analysis, often used in social work to refer to interventions at the community or policy level.

Mezzo Practice

Social work practice focused on small to medium-sized groups, including families and other smaller social units, bridging individual and community-based interventions.