Question
BUS201 With investments earning 9%, and inflation at 2%, a reasonable approximation of an opportunity cost of carrying credit card debt at 18% APR is:
BUS201
With investments earning 9%, and inflation at 2%, a reasonable approximation of an opportunity cost of carrying credit card debt at 18% APR is:
A. 18%
B. 29% (18 + 9 + 2)
C. 7% (18 - 9 - 2)
D. The future value of the investment you could have made instead.
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Day Trading Strategies And Risk Management
Authors: Richard N. Williams
1st Edition
979-8863610528
