What is his opportunity cost per year to buy the house

Reference no: EM131310406

Sam was in the market for a house when his uncle died and left him $250,000, which is the price of the house he was considering. He could put the money into a long term CD at 4%. If he pays cash for the house, the annual insurance is $3,000 and the taxes are $4,000. What is his opportunity cost per year to buy the house

Reference no: EM131310406

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