Question: 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
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.
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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 full answer
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