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:

Axial

Relating to a position or direction along the axis of a structure or molecule, often used in the context of molecular geometry.

Sex Hormones

Chemical substances that serve as messengers affecting the function of specific target organs responsible for secondary sex characteristics and reproductive activity.

Steroids

A class of lipids that have a basic structure consisting of four linked carbon rings, and include many hormones, alkaloids, and vitamins.

Terpenes

A large and diverse class of organic compounds, produced primarily by plants, that are the major components of essential oils.