You loan a friend $1000, and at the end of 1 year she writes you a check

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You loan a friend $1000, and at the end of 1 year she writes you a check for $1000 to pay off this loan. If the annual interest rate on your savings account is 6 percent, what was your opportunity cost of making this loan?

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Interpersonal Skills In Organizations

ISBN: 9781259911637

6th Edition

Authors: Suzanne De Janasz, Karen Dowd, Beth Schneider

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Question Posted: Oct 09, 2024 11:00 AM

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You loan a friend $1000, and at the end of 1 year she writes you a check

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Interpersonal Skills In Organizations

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