Business, 20.12.2019 06:31 hillmarilyn70pe8sy6

John has decided to start his own lawn-mowing business. to purchase the mowers and the trailer to transport the mowers, john withdrew $1,000 from his savings account, which was earning 3% interest, and borrowed an additional $2,000 from the bank at an interest rate of 7%. what is john's annual opportunity cost of the financial capital that has been invested in the business?
a. $30b. $140c. $170d. $300

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John has decided to start his own lawn-mowing business. to purchase the mowers and the trailer to tr...