I Do Not Know How To Approach This Question For My Econ Class

I do not know how to approach this question for my econ class. Could you please explain it step by step what should i do?Suppose that you are considering subscribing to Economist Analyst Today magazine. The magazine is advertising a one-year subscription for $60 or a two-year subscription for $115. You plan to keep getting the magazine for at least two years. The advertisement says that a two-year subscription saves you $5 compared to buying two successive one-year subscriptions. If the interest rate is 10%, should you subscribe for the one year or for the two year subscription? (Assume that one year from now a one year subscription will still be $60.)

Originally posted 2018-07-17 03:55:17. Republished by Blog Post Promoter

I Do Not Know How To Approach This Question For My Econ Class

I do not know how to approach this question for my econ class. Could you please explain it step by step what should i do?Suppose that you are considering subscribing to Economist Analyst Today magazine. The magazine is advertising a one-year subscription for $60 or a two-year subscription for $115. You plan to keep getting the magazine for at least two years. The advertisement says that a two-year subscription saves you $5 compared to buying two successive one-year subscriptions. If the interest rate is 10%, should you subscribe for the one year or for the two year subscription? (Assume that one year from now a one year subscription will still be $60. )

I do not know how to approach this question for my econ class

I do not know how to approach this question for my econ class. Could you please explain it step by step what should i do?

Suppose that you are considering subscribing to Economist Analyst Today magazine. The magazine is advertising a one-year subscription for $60 or a two-year subscription for $115. You plan to keep getting the magazine for at least two years. The advertisement says that a two-year subscription saves you $5 compared to buying two successive one-year subscriptions. If the interest rate is 10%, should you subscribe for the one year or for the two year subscription? (Assume that one year from now a one year subscription will still be $60.)