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| rev | Admin | (Created page with "The annual membership fee at your health club is $750 a year and is expected to increase at 5% per year. A life membership is $7,500 and the discount rate is 12%. In order to justify taking out the life membership, what would be your minimum life expectancy? <ul class="mw-excansopts"> <li>16</li> <li>17</li> <li>18</li> <li>19</li> <li>20</li> </ul> '''References''' {{cite web |url=https://alo.mit.edu/wp-content/uploads/2015/06/PS_Part1.pdf |last1=Lo |first1=Andrew W....") | Dec 4'23 at 18:55 | +640 |