How can i calculate/solve the following problem? the annual subscription to a health magazine is currently $50 and is expected to increase by 6% per year forever. a life subscription is 410, payable today and the discount rate is 10%. in order to justify your subscription, approximately how many more years must you live?

How can i calculate/solve the following problem? the annual subscription to a health magazine is currently $50 and is expected to increase by 6% per year forever. a life subscription is 410, payable today and the discount rate is 10%. in order to justify your subscription, approximately how many more years must you live?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 6P

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