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Business, 01.08.2019 05:20 zenaidazurita1p6bs1d

Carlos plans to start a new dry cleaning business. for that he purchased a space which costed him $100,000. for that he withdrew his savings worth $50,000 and borrowed the remaining $50,000 from a bank. his savings was earning him 3% interest per annum and the banks charges him 6% interest per annum. based on this what would be carlos opportunity cost of purchasing the space

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