f $30 each week from this customer. Assuming the shopper visits the store all 52 weeks of the​ year, calculate the customer lifetime value if this shopper remains loyal over a​ 10-year life span. Also, assume a 6 percent annual interest rate and no initial cost to acquire the customer. How much does the customer

Personal Finance
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ISBN:9781337669214
Author:GARMAN
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Chapter13: Investment Fundamentals
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Assume that a customer shops at a local grocery store spending an average of $350 a​ week, resulting in a retailer profit of $30 each week from this customer. Assuming the shopper visits the store all 52 weeks of the​ year, calculate the customer lifetime value if this shopper remains loyal over a​ 10-year life span. Also, assume a 6 percent annual interest rate and no initial cost to acquire the customer.

How much does the customer yield per year in profits for this retailer? ​(Round to the nearest​ dollar.)

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