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A lifetime subscription to your favorite magazine is available for $1,099. Alternatively, you could choose to renew it every year for $79, starting immediately.

A lifetime subscription to your favorite magazine is available for $1,099. Alternatively, you could choose to renew it every year for $79, starting immediately. Assuming you earn 5.5% on your funds, how many years must you live in order to make the lifetime subscription the better buy?

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