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Jake just bought a car for $15 000 and paid in cash Calculate Jake's opportunity cost as funds tied up in the car if you know that otherwise it was possible to invest the full amount of the money

Jake just bought a car for $15 000 and paid in cash. Calculate Jake's opportunity cost as "funds tied up in the car" if you know that otherwise it was possible to invest the full amount of the money at 8% annual interest rate compounded monthly for five years.

Apr 30 2020 View more View Less

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