Q3.30. A tall Starbucks coffee costs $1.65 a day. If the bank's quoted interest rate is 6%

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Q3.30. A tall Starbucks coffee costs $1.65 a day. If the bank's quoted interest rate is 6% per annum and coffee prices increased at a 3% annual rate of inflation, what would an endless, inheritable free sub- scription to one Starbucks coffee per day be worth today?

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