Question: V4 3. Your firm finds that using a rolling three-year average is the most accurate input for LTV. A customer spent $500 two years ago,

V4

3. Your firm finds that using a rolling three-year average is the most accurate input for LTV. A customer spent $500 two years ago, $100 last year, and $600 this year. Using a 5% interest rate, what is the LTV for five years out, assuming full retention
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