The annual membership fee at your health club is $750 a year(paid at the beginning of each year)and is expected to increase at 5% per year, A life membership is $7500 and the discount rate is 15%. A club member either pays the annual membership right now, or pays the life membership right now. in order to justify taking out the life membership, what would be a member's minimum life expectancy?

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.