Your cost of capital is 7 how many years would you have to


Your subscription to Jogger's World Monthly is about to run out and you have the choice of renewing it by sending in the $10 a year regular rate or getting a lifetime subscription to the magazine by paying $100. Your cost of capital is 7%. How many years would you have to live to make the lifetime subscription the better buy? Payments for the regular subscription are made at the beginning of each year.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Your cost of capital is 7 how many years would you have to
Reference No:- TGS02160291

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)