Your subscription to financial times is about to expire

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Reference no: EM131968067

Your subscription to Financial Times is about to expire. You plan to subscribe to the newspaper for the rest of your life, and you can renew it by paying $60 annually, beginning immediately, or you can get a lifetime subscription for $700, also payable immediately. If you can earn 4.0% 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?

Reference no: EM131968067

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