Question: Question 1 4 pt John has decided to start his own lawn-mowing business. To purchase the mowers and the trailer to transport the mowers, John

Question 1 4 pt John has decided to start his own lawn-mowing business. To purchase the mowers and the trailer to transport the mowers, John withdrew $2,000 from his savings account, which was earning 4% interest, and borrowed an additional $4,000 from the bank at an interest rate of 8%. What is John's annual total cost of the financial capital that has been invested in the business? O $480

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