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Business, 07.03.2020 03:06 jennymares

Suppose that you have received $300 as a birthday gift. You can spend it today or you can put the money in a bank account for a year and earn 5 percent interest. The opportunity cost of spending the money today, in terms of what you could have after one year, is:.
a. $0.
b. $15.
c. $305.
d. $315.

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