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

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If the 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 a lifetime free subscription to one Starbucks coffee per day be worth today, assuming you will live for 50 more years?

What should it be worth to you to be able to bequeath or sell it upon your departure?

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

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

Reference No:- TGS01628117

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