I drink coffee every weekday (assuming for 20 days each month). One cup of coffee costs $4.3. I buy coffee using my credit card, which has a 0.5% monthly interest rate. If I cut off my coffee expense starting from next month to save money, how much money can I save over the next 4 years? (Future value at the end of the 4th year). Round the answer to the nearest integer.

Answer rating: 100% (QA)

To calculate the amount of money you can save over the next 4 years by cutting off your coffee expense we need to consider the monthly interest rate o... View the full answer