
Loose Leaf for Personal Finance
12th Edition
ISBN: 9781259720680
Author: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 1, Problem 1.4PQ1
Summary Introduction
To explain:
The use of
Introduction:
Opportunity cost refers to the cost which is due to the loss of the benefit because of the choice of the other project or other thing. It is the profit that is known and cannot be achieved due to the selection of other opportunity.
Expert Solution & Answer

Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
You invest $5,000 for 3 years at an annual interest rate of 6%. The interest is compounded annually. Need help
What is the future value of $500 invested for 3 years at an annual compound interest rate of 4%? Expl
You invest $5,000 for 3 years at an annual interest rate of 6%. The interest is compounded annually.
Chapter 1 Solutions
Loose Leaf for Personal Finance
Ch. 1 - Prob. 1.1PQ1Ch. 1 - What are the some risks associated with financial...Ch. 1 - Prob. 1.1PQ3Ch. 1 - Prob. 1.1PQ4Ch. 1 - Prob. 1.2PQ1Ch. 1 - Prob. 1.2PQ2Ch. 1 - What factors influence the level of interest...Ch. 1 - Prob. 1.3PQ1Ch. 1 - Prob. 1.3PQ2Ch. 1 - Prob. 1.4PQ1
Ch. 1 - Prob. 1.4PQ2Ch. 1 - Prob. 1.5PQ1Ch. 1 - Prob. 1.5PQ2Ch. 1 - Prob. 1.5PQ3Ch. 1 - Prob. 1FPPCh. 1 - Prob. 2FPPCh. 1 - Prob. 3FPPCh. 1 - Prob. 4FPPCh. 1 - Prob. 5FPPCh. 1 - Prob. 6FPPCh. 1 - Calculating the Future Value of a Series of...Ch. 1 - Prob. 8FPPCh. 1 - Prob. 9FPPCh. 1 - Prob. 10FPPCh. 1 - Prob. 11FPPCh. 1 - Prob. 12FPPCh. 1 - Prob. 13FPPCh. 1 - Prob. 14FPPCh. 1 - Prob. 1FPACh. 1 - Prob. 2FPACh. 1 - Prob. 3FPACh. 1 - Prob. 4FPACh. 1 - Prob. 5FPACh. 1 - Prob. 6FPACh. 1 - Prob. 1FPCCh. 1 - Prob. 2FPCCh. 1 - Prob. 3FPCCh. 1 - Prob. 1CCCh. 1 - Prob. 2CCCh. 1 - Prob. 3CCCh. 1 - Prob. 4CCCh. 1 - Prob. 1DSDCh. 1 - Prob. 2DSDCh. 1 - Prob. 1AECh. 1 - Prob. 2AECh. 1 - Prob. 3AECh. 1 - Prob. 4AECh. 1 - Prob. 5AECh. 1 - Prob. 6AECh. 1 - 7. (Future value of an annuity) If, instead, you...
Knowledge Booster
Similar questions
- What is the future value of $500 invested for 3 years at an annual compound interest rate of 4%?arrow_forwardA loan of $10,000 is taken at an annual interest rate of 6% for 5 years. What is the total interest payable under simple interest? Expalarrow_forwardA loan of $10,000 is taken at an annual interest rate of 6% for 5 years. What is the total interest payable under simple interest?arrow_forward
- You borrow $8,000 at an annual interest rate of 7%, and it compounds yearly for 2 years. What is the total amount payable? Helparrow_forwardYou borrow $8,000 at an annual interest rate of 7%, and it compounds yearly for 2 years. What is the total amount payable?arrow_forwardIf a bond pays $50 annually and is priced at $1,000, what is its annual yield? Explarrow_forward
- If a bond pays $50 annually and is priced at $1,000, what is its annual yield?arrow_forwardA car loan of $15,000 is taken for 3 years at an annual interest rate of 8%. What is the simple interest payable?arrow_forwardYou gave me unhelpful so i am also gave you unhelpful.if you will not give unhelpful then also i will not give unhelpful. what is finance?arrow_forward
- You want to save $15,000 in 5 years. If your bank offers 3% annual interest, how much should you invest today? (Use compound interest.) Explarrow_forwardIf you invest $2,000 at an annual interest rate of 6%, compounded annually, for 3 years, what is the future value?arrow_forwardYou want to save $15,000 in 5 years. If your bank offers 3% annual interest, how much should you invest today? (Use compound interest.)arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Essentials Of InvestmentsFinanceISBN:9781260013924Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.Publisher:Mcgraw-hill Education,
- Foundations Of FinanceFinanceISBN:9780134897264Author:KEOWN, Arthur J., Martin, John D., PETTY, J. WilliamPublisher:Pearson,Fundamentals of Financial Management (MindTap Cou...FinanceISBN:9781337395250Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage LearningCorporate Finance (The Mcgraw-hill/Irwin Series i...FinanceISBN:9780077861759Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan ProfessorPublisher:McGraw-Hill Education

Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,



Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,

Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education