halb05
halb05 halb05
  • 11-04-2024
  • Business
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Annie has decided to start her own recording studio. To purchase the necessary equipment, Annie withdrew $16,000 from her savings account, which was earning 2.25% interest, and borrowed an additional $32,000 from the bank at an interest rate of 7.75%. Annie's annual opportunity cost of the financial capital that has been invested in the business is _________.

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