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You plan to spend $4.62 every day (including weekends) at your favorite coffee shop, buying your favorite drink, for the next 4 years. If your

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You plan to spend $4.62 every day (including weekends) at your favorite coffee shop, buying your favorite drink, for the next 4 years. If your interest rate is 8.4% APR compounded daily, what is the present value of your planned coffee purchases? Assume 365 days in each year (i.e. no leap years)

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