Question
A tall Starbucks coffee costs $1.85 in 2017. If the bank's quoted interest rate is 6 percent per annum, compounded daily, and if the Starbucks
A tall Starbucks coffee costs $1.85 in 2017. If the bank's quoted interest rate is 6 percent 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? Is this a good deal?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
8th Edition
007322359X, 9780073223599
