document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1188344>Question 1188344</A>: <I><SPAN STYLE=\"word-break: break-all;\"> William decided to deposit his money in a basic savings account instead of a CD. At the end of one year, his savings account had $1,100. If he had put his money in the CD, he would have had $1,400 at the end of the year. What was the opportunity cost?\r<BR>\n" );
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document.write( "$300<BR>\n" );
document.write( "$1,400<BR>\n" );
document.write( "$1,100<BR>\n" );
document.write( "$2,600<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #819455 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=819455\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the opportunity cost is $300.\r<BR>\n" );
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document.write( "the savings account gets him 1100 at the end of the year.<BR>\n" );
document.write( "the cd would have given him 1400 at the end of the year.\r<BR>\n" );
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document.write( "he has 300 dollars less at the end of the year by choosing the savings account option rather than the cd option.\r<BR>\n" );
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document.write( "that's his opportunity cost.\r<BR>\n" );
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document.write( "the decision to put his money into the savings account rather than the cd must obviously have had to do with considerations other than money.\r<BR>\n" );
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document.write( "the only one i can think of would be the ability to withdraw from the saving account if he needed money during the year.\r<BR>\n" );
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document.write( "with the savings account, he could withdraw money without paying a penalty.<BR>\n" );
document.write( "with the cd, he can still withdraw money, but will more than likely pay a penalty for doing so.\r<BR>\n" );
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