Business, 08.10.2019 16:30 gianababnnna

Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it’s a great deal. suppose that the appropriate annual interest rate is 8.5%. what is the minimum number of years that lloyd must remain a member of the adla so that the lifetime membership is cheaper (on a present value basis) than paying $500 in annual membership dues? (note: round your answer up to the nearest year.)

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Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of yea...