Business, 12.03.2020 02:21 samariahopkins4

The annual membership fee at your health club is $750 a year(paid at the beginning of each year)and is expected to increase at 5% per year, A life membership is $7500 and the discount rate is 15%. A club member either pays the annual membership right now, or pays the life membership right now. in order to justify taking out the life membership, what would be a member's minimum life expectancy?

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The annual membership fee at your health club is $750 a year(paid at the beginning of each year)and...

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