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Selmer Jones has just inherited some money and wants to set some of it aside for a vacation in… 1 answer below » Selmer Jones has just inherited some money and wants to set some of it aside for a vacation in Hawaii one year from today. His bank will pay him 5% interest on any funds he deposits. In order to determine how much of the money must be set aside and held for the trip, he should use the 5% as a: A) required rate of return B) discount rate C) opportunity cost. Oct 07 2015 06:14 PM
