You Use $40,000 of Your Own Money to Start a Catering

question 182

Multiple Choice

You use $40,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of

• A) -$1,200.
• B) $1,200.
• C) $2,000.
• D) $3,200.

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The organized way in which a story is told, including the sequence of events and the relationship between them.

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