Your subscription to BusinessWeek is about to expire. You plan to subscribe to the magazine for the rest of your life. You can renew it by paying $50 annually, beginning immediately, or you can get a lifetime subscription for $500, also payable immediately. Assuming that you can earn 6.525% 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? a) 7.48.
b) 8.80.
c) 10.35.
d) 12.18.
e) 14.33.

15 years

Explanation:

The number of years that would make the lifetime subscription a better buy would be the one that would cause the present value of paying $50 per year to equal $500.

You can use the NPER function on Excel to find this out.

Rate = 6.525%

Pmt = 50

Pv = -500

Fv = 0

Type = 1 because payment begins immediately.

= 14.9997 years

= 15 years

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

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odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.