The local credit union pays interest of 7% on amounts above $540 in a savings account....
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The local credit union pays interest of 7% on amounts above $540 in a savings account. Helen does not trust banks. She chooses not to have a savings account, and instead keeps $1080 in cash in her home safe. What is Helen's annual opportunity cost of keeping her money at home instead of putting it in a savings account at the credit union? The local credit union pays interest of 7% on amounts above $540 in a savings account. Helen does not trust banks. She chooses not to have a savings account, and instead keeps $1080 in cash in her home safe. What is Helen's annual opportunity cost of keeping her money at home instead of putting it in a savings account at the credit union?
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Helen is keeping 1080 in cash at home instead of putting it in a savings account The difference betw... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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