After winning the first position in the Speech contest you were rewarded with an amount of Rs 1000.
You must have to make the following choice Spend the money now. Or deposit it with the bank, and
earn a 3.5% interest rate for 4 years. What is the opportunity cost for spending money now?

Answer rating: 100% (QA)

The opportunity cost for spending the money now is the potential gain from d... View the full answer