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A recent college graduate has the choice of buying a new auto for $20,000 or to invest the money for four years with a 12%

A recent college graduate has the choice of buying a new auto for $20,000 or to invest the money for four years with a 12% expected rate of return. If the graduate decides to purchase the auto, the BEST estimate of the opportunity cost of that decision is: (Points : 3)

$2,400 $11,470 $20,000 There is no opportunity cost for this decision.

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