Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
wddwdw wddwdw
wrote...
Posts: 337
5 years ago
A recent college graduate has the choice of buying a new car for $33,500 or investing the money for four years with an 8% expected annual rate of return. He has an investment of $40,000 in equities and bonds which yields 6% expected annual rate of return. If the graduate decides to purchase the car, the best estimate of the opportunity cost of that decision is ________.
A) $2,400
B) $10,720
C) $40,000
D) $9,600
Read 16 times
2 Replies
Replies
Answer verified by a subject expert
lphilson89lphilson89
wrote...
Posts: 190
5 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

wddwdw Author
wrote...
5 years ago
Smart ... Thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  820 People Browsing
Related Images
  
 323
  
 540
  
 1505
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741