If you are considering a NOW account that requires a $500 minimum balance and pays 2 percent interest,what would be the opportunity cost if you would need to withdraw the required minimum balance from a savings account paying 5 percent interest? Compute the opportunity cost for one year.
(a)$10
(b)$15
(c)$25
(d)$35

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The Answer of If you are considering a NOW account that requires a $500 minimum balance and pays 2 percent interest,what would be the opportunity cost if you would need to withdraw the required minimum balance from a savings account paying 5 percent interest? Compute the opportunity cost for one year.
(a)$10
(b)$15
(c)$25
(d)$35

If You Are Considering a NOW Account That Requires a $500