70, U.5 pt Metrics 1.1 EQuestion Help Assume that a customer shops at a local grocery store spending an average of $400 a week, resulting in a retailer profit of $50 each week from this customer....

How do I figure out the customer lifetime value?

Extracted text: 70, U.5 pt Metrics 1.1 EQuestion Help Assume that a customer shops at a local grocery store spending an average of $400 a week, resulting in a retailer profit of $50 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 4 percent annual interest rate and no initial cost to acquire the customer. The customer yields $ 2600 per year in profits for this retailer. (Round to the nearest dollar.) The customer lifetime value is $ (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Final Check 2:24 PM 10/8/2019 Delete DrtScr ocort r10