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Jamie is considering an investment that could pay him 8% interest. Alternatively, he chooses a different investment of similar risk. The 8% interest on his

Jamie is considering an investment that could pay him 8% interest. Alternatively, he chooses a different investment of similar risk. The 8% interest on his initial investment consideration is known as the

a. present value.

b. opportunity cost.

c. guaranteed rate.

d. intrinsic value

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