We appreciate your visit to A tall starbucks coffee costs 1 65 a day of the bank s daily interest rate is 0 01 compounded daily and if the starbucks. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
This problem requires the equation for perpetuity. Since the
problem asks for the present value for an infinite period subscription for one
Starbucks coffee, the equation would be PV= A/i wherein A is the price of 1 cup
of coffee which is $1.65. The interest rate can be computed by using the
equation i= (e^rate)-1. The interest rate computed is 1.0001x10^-4. The present
value is $16499.18.
Thanks for taking the time to read A tall starbucks coffee costs 1 65 a day of the bank s daily interest rate is 0 01 compounded daily and if the starbucks. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
