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In July, 400 people sign up for a monthly music streaming service. What is the present value of total net profit from July to October
In July, 400 people sign up for a monthly music streaming service. What is the present value of total net profit from July to October for this cohort of music lovers?
Monthly margin (M): $15 per customer
Monthly retention spending (R): $7
Monthly retention rate (r): 95%
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