Author Question: Your subscription to Investing Wisely Weekly is about to expire. You plan to subscribe to the ... (Read 55 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?

◦

$12,093

◦

$13,770

◦

$14,286

◦

$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.)

◦

12

◦

13

◦

14

◦

15

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

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 55% of students answer this correctly