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Business, 27.09.2019 01:10 sandersmakaylaovq5vu

Zach has decided to start his own photography studio. to purchase the necessary equipment, zach withdrew $10,000 from his savings account, which was earning 3% interest, and borrowed an additional $5,000 from the bank at an interest rate of 8%. what is zach's annual opportunity cost of the financial capital(implicit + explicit)that has been invested in the business?

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