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(Solved): 14) A certain magazine offers its subscribers the opportunity to "Buy Now and Save." If at the time ...




14) A certain magazine offers its subscribers the opportunity to Buy Now and Save. If at the time their subscription renewa
14) A certain magazine offers its subscribers the opportunity to "Buy Now and Save." If at the time their subscription renewal is due they agree to pay for 2 years rather than 1 , the renewal price will be \( \$ 50 \) per year rather than the usual \( \$ 60 \) per year. At what interest rate will the consumer, who is certain she will subscribe to the magazine for the next 2 years, decide to "Buy Now and Save"? A) Any interest rate over 150 percent B) Any interest rate over \( 1.5 \) percent C) Any interest rate under 5 percent D) Any interest rate under 50 percent E) She will always take this offer if she is absolutely certain to buy the magazine for another 2 years.


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in this case , consumers are getting a deal of 2 year subscription instea
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