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If the Interest Rate That You Could Earn on Your

Question 78

Multiple Choice

If the interest rate that you could earn on your savings is 4% per year,then your decision to spend $1500 on a big screen TV today "costs" you ________ in potential forgone spending one year from now.


A) $0
B) $60
C) $120
D) $1500
E) $1560

Correct Answer:

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