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You are thinking about buying a house in the Dunas neighborhood. Do you find one that costs R$ 1,000,000. Based on the value of the
You are thinking about buying a house in the Dunas neighborhood. Do you find one that costs R$ 1,000,000. Based on the value of the house and your salary/risk profile, the bank offers a R$ 600,000 to be paid over 20 years. This means that you must make a down payment of R$400,000. Which are they some of the monetary and non-monetary opportunity costs of this purchase?
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