A weekly business magazine offers a 1-year subscription for $58 and a 3-year subscription for $116. If

Question:

A weekly business magazine offers a 1-year subscription for $58 and a 3-year subscription for $116. If you thought you would read the magazine for at least the next 3 years, and consider 20% as a minimum rate of return, which way would you purchase the magazine: With three 1-year subscriptions or a single 3-year subscription?