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Assuming that james bank always pays its savings account

Question - James withdrew $250,000 from his own savings account in order to purchase a hardware store. After one year, James sold the business for $320,000.

Assuming that James' bank always pays its savings account holders an annual interest rate of 15%, what is his economic profit from the sale of the hardware store?

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Accounting Basics: Assuming that james bank always pays its savings account

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