Multiple Choice
Wanda takes $3,000 from her savings account that pays 5 per cent interest per year and uses the funds to purchase a computer for $3,000 for her business. At the end of the year the computer is worth $2,000. Wanda pays an implicit rental rate of _______ a year.
A) $1,150
B) $4,000
C) zero
D) $3,150
Correct Answer:
Verified
Correct Answer:
Verified
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