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Business, 29.10.2020 16:40 nijanicole164

An individual who is considering consumption between two time periods (year 1 and year 2) has an endowment of $20,000 in year 1 and $15,000 in year 2. If the interest rate is 5 percent, what is the maximum approximate amount that can be spent on consumption in year 1

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An individual who is considering consumption between two time periods (year 1 and year 2) has an end...
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