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Business, 20.11.2021 01:00 gabi83

ohn has decided to start his own lawn-mowing business. To purchase the mowers and the trailer to transport the mowers, John withdrew $2,000 from his savings account, which was earning 3% interest, and borrowed an additional $3,000 from the bank at an interest rate of 7%. What is John's annual opportunity cost of the financial capital that has been invested in the business

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ohn has decided to start his own lawn-mowing business. To purchase the mowers and the trailer to tra...
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