Multiple Choice
Gwen has decided to start her own photography studio. To purchase the necessary equipment, Gwen withdrew $2,000 from her savings account, which was earning 3% interest, and borrowed an additional $4,000 from the bank at an interest rate of 7%. What is Gwen's annual opportunity cost of the financial capital that has been invested in the business?
A) $60
B) $280
C) $340
D) $660
Correct Answer:
Verified
Correct Answer:
Verified
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