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Author Question: Lucky Louie is considering a NOW account that requires a $1500 minimum balance and pays .5% ... (Read 149 times)

amal

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Lucky Louie is considering a NOW account that requires a $1500 minimum balance and pays .5% interest. What would be the opportunity cost if Louie needs to withdraw the required minimum balance from a savings account paying 2% interest? Compute the opportunity cost for one year.


◦ $10
◦ $22.50
◦ $25
◦ $35


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Marked as best answer by amal on Apr 13, 2019

joanwhite

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joanwhite

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