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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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