If banks quoted interest rate is 6 per annum compounded, Financial Management

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If banks quoted interest rate is 6 per annum compounded

A tall Starbucks coffee costs $1.65 a day.

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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Financial Management: If banks quoted interest rate is 6 per annum compounded

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Financial Management: If banks quoted interest rate is 6 per annum compounded

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