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Emily is considering two mutually exclusive financial options: (i) to deposit $4 000 in her bank's savings account that pays 4.6% annual interest, or (ii)
Emily is considering two mutually exclusive financial options: (i) to deposit $4 000 in her bank's savings account that pays 4.6% annual interest, or (ii) to purchase a $4 000 one-year guaranteed investment certificate with a monthly interest rate of 0.3%. From an opportunity cost standpoint, by making the decision to deposit $4 000 in the bank account, Emily will A) gain $37.6 by the end of the year. B) lose $37.6 by the end of the year. C) gain $57.6 by the end of the year. D) lose $57.6 by the end of the year. E) make zero economic profit
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