Q 3.34. A tall Starbucks coffee costs $1.65 a day. If the bank's quoted interest rate is
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Q 3.34. A tall Starbucks coffee costs $1.65 a day. If the bank's quoted interest rate is 6% per annum, compounded daily, and if the Starbucks price never changed, what would a lifetime free subscription to one Starbucks coffee per day be worth today, assum- ing you will live for 50 more years? What should it be worth to you to be able to bequeath or sell it upon your departure?
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