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1 . Cost of money Everyone uses money, and it is important to understand what factors affect the cost of money. Consider the following scenario:

1 .

Cost of money

Everyone uses money, and it is important to understand what factors affect the cost of money.

Consider the following scenario:

Your accountant has convinced you that you should invest your bonus from this year into your retirement account

instead of buying a new sports car

because of the high expected return on the investment.

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