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| Teaching Since: | Apr 2017 |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
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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