Business, 24.06.2021 20:40, scottkayce

Ms. Newcastle has $60,000 income this year and $40,000 next year. The market interest rate is 10% per year (Ms. Newcastle can both lend and borrow at this rate). Suppose Ms. Newcastle wishes to consume $62,000 next year. What will be her consumption this year

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Ms. Newcastle has $60,000 income this year and $40,000 next year. The market interest rate is 10% pe...