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How many years does take to make the lifetime subscription

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Question 1: Covid-19 virus has created health uncertainties. You could buy an health insurance for yourself against potential Covid viral infection by paying OR 24 every year or, you may buy a life time insurance for a one time payment of OR 400 today. Using a discount rate of 5%, how many years does it take to make the lifetime subscription the better option compared to yearly payments?

Reference no: EM132544852

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