Jackson commenced business with $10000 that he had received as a gift from his aunt and $8000
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Jackson commenced business with $10000 that he had received as a gift from his aunt and $8000 that he had received as a loan from his father. He used some of this money to purchase a machine for $15000. He obtained a mortgage for $20 000 to purchase a workshop.
How much was Jackson's capital?
A. $3000
B. $10 000
C. $18 000
D. $38 000
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