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Question 25 {1.25 points) Thelma wants to start her own business. The business she wants to start will require the purchase of a factory that
Question 25 {1.25 points) Thelma wants to start her own business. The business she wants to start will require the purchase of a factory that costs $100,000. To finance this purchase, she will use $40,000 of her own money, on which she has been earning 10 percent interest per year. In addition, she will borrow $60,000, and she will pay 15 percent interest per year on that loan. For the first year of operation, what is the economic cost of owning the factory for one year? 0 $9000 0 $13,000 0 $15,000 0 $4000
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