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

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6. 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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Microeconomics And Behavior

ISBN: 9780073375946

8th Edition

Authors: Robert Frank, David Colander

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Question Posted: Oct 09, 2024 07:01 AM

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

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Microeconomics And Behavior

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