Question
A tall Starbucks coffee costs $1.85 in 2017. If the bank's quoted interest rate is 6% per annum, compounded daily, and if the Starbucks price
A tall Starbucks coffee costs $1.85 in 2017. If the bank's quoted interest rate is 6% per annum, compounded daily, and if the Starbucks price never changed, what would an endless, inheritable free subscription to one Starbucks coffee per day be worth today?
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Exchange Rates and International Finance
Authors: Laurence Copeland
6th edition
273786040, 978-0273786047
