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15 March, 02:25

You win $100 in a basketball pool. you have a choice between spending the money now and putting it away for a year in a bank account that pays 5 percent interest. what is the opportunity cost of spending the $100 now?

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  1. 15 March, 02:35
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    By spending the $100, you could be giving up the chance to have a bit of money in your bank account in the future. However, you could be able to buy whatever you want with it that could benefit you or make you happy.
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