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Business, 17.06.2020 04:57 kashusledbetter

Your current income is equal to 40,000 Your next period (future) income is known to be equal to 44,000.
If your current consumption expenditure is equal to 32,000, what is your (current) level of savings?
If the real rate of interest is equal to 15%, how much will you spend on consumption next period (assuming that your current consumption is 32,000)?

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