You quit your job as an analyst making $50,000. You then take your $500,000 in savings and open a Mighty Taco restaurant

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answerhappygod
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You quit your job as an analyst making $50,000. You then take your $500,000 in savings and open a Mighty Taco restaurant

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You quit your job as an analyst making $50,000. You then takeyour $500,000 in savings and open a Mighty Taco restaurant. You work roughly the same hours as before and make $60,000 per yearfrom the restaurant. Assume the interest rate on governmenttreasury notes is 5%. Calculate the economic profit or loss from your move in year1. (Include a negative sign if it’s a loss)Enter as a value.
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