correct answer is?
A company borrows $8,000
and ends up paying a total of $11,000
over the course of repaying the loan. Identify the company's opportunity cost of borrowing.
the potential benefits the company would have received by spending $3,000
in interest paid in another way
the profit that the company could have earned had it spent the $8,000
on a different project
the $11,000
in total payments
the $8,000
principal