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wddwdw wddwdw
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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
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lphilson89lphilson89
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5 years ago
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wddwdw Author
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#2
5 years ago
Smart ... Thanks!
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