Vivian Paterson plans to buy a new car for $30,000. If she pays cash, she must use
Question:
Vivian Paterson plans to buy a new car for $30,000. If she pays cash, she must use her savings, which have beca carning 8 percent interest per year. If she borrows money to buy the car, she will pay 12 percent annual interest. What is Vivian's opportunity cost if she pays cash?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Sheikh Muhammad Ibrahim
During the course of my study, I have worked as a private tutor. I have taught Maths and Physics to O'Level and A'Level students, as well as I have also taught basic engineering courses to my juniors in the university. Engineering intrigues me alot because it a world full of ideas. I have passionately taught students and this made me learn alot. Teaching algebra and basic calculus, from the very basics of it made me very patient. Therefore, I know many tricks to make your work easier for you. I believe that every student has a potential to work himself. I am just here to polish your skills. I am a bright student in my university. My juniors are always happy from me because I help in their assignments and they are never late.
14+ Reviews
24+ Question Solved
Related Book For 
Question Posted:
