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A magazine offers a one-year subscription rate of $63.80 and a three-year subscription rate of ...

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A magazine offers a one-year subscription rate of $63.80 and a three-year subscription rate of ...

A magazine offers a one-year subscription rate of $63.80 and a three-year subscription rate of $159.80, both payable at the start of the subscription period. Assuming that you intend to continue to subscribe for three years and that the one-year rate does not increase for the next two years, what effective rate of "return on investment" will be earned by paying for a three-year subscription now instead of three consecutive one-year subscriptions?

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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More solutions for this book are available here

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jarzola Author

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This site is awesome

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Helped a lot

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Smart ... Thanks!

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