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The Engineering Economist a professional journal offers three types of subscriptions payable in advance: one year at $66 two years at $120 and three years at $160 If money can earn 6% interest

The Engineering Economist (a professional journal) offers three types of subscriptions, payable in advance: one year at $66, two years at $120, and three years at $160. If money can earn 6% interest compounded monthly, which subscription should you take? (Assume that you plan to subscribe to the journal over the next three years.)

May 27 2020 View more View Less

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