Victor would like to subscribe to netflix for the next 60, Ask an Expert

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Victor would like to subscribe to Netflix for the next 60 months (the first payment is due one month from today). The monthly charge of Netflix is $8. On the other hand, Victor can use Amy's Netflix account if he is willing to pay her a one-time fee today. Suppose the monthly interest rate is 1%. Under which of the following fees would Victor pay Amy and use her account rather than buying his own account?

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Financial Management, Finance

Category:- Financial Management
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