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You quit your job as an analyst making $40,000. You then take you $500,000 in savings and open a Mighty Taco restaurant. You work roughly
You quit your job as an analyst making $40,000. You then take you $500,000 in savings and open a Mighty Taco restaurant. You work roughly the same hours as before and make $60,000 per year from the restaurant. Assume the interest rate on government treasury notes is 5%. Calculate the economic profit or loss from your move in year 1. (Include a negative sign if it's a loss)
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