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You are currently a member of a club whose annual membership fee is $2,000. The fee is expected to increase by 3 percent per year. a. Would you buy for $65,000 a lifelong family membership to the club that can be passed down to your descendants? You can earn 6 percent on a long-term bank deposit. b. What discount rate would make you indifferent? c. What annual membership fees would make you indifferent? d. What lifelong membership price would make you indifferent?

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Financial Management, Finance

Category:- Financial Management
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