Author Question: Your subscription to Investing Wisely Weekly is about to expire. You plan to subscribe to the ... (Read 7 times)

Hunchojack2019!! · **on:** Aug 7, 2023

Question 1

Your sister wants to attend university. She is14years old and expects to begin university the year she turns 18. If university tuition is currently $12,000 annually, and inflation is 3.5%, what is the expected tuition cost of your sister’s first year?

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$12,093

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$13,770

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$14,286

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$15,000

Question 2

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 $80annually, beginning immediately, or you can get a lifetime subscription for $820, also payable immediately. Assuming you can earn6% 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.)

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12

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13

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14

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15

koung719 · **Reply #1 on:** Aug 7, 2023

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