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The Fit Factory offers members a discount if they sign a one-year contract paid in full at the beginning of each year. Fit Factory earns
The Fit Factory offers members a discount if they sign a one-year contract paid in full at the beginning of each year. Fit Factory earns an annual margin of $226 on these contracts. The appropriate annual discount rate is 8%, and the annual retention rate is 40%. Calculate the CLVrem, assuming the first payment is made at the beginning of the contract.
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