Business
Business, 13.07.2021 19:00, Lucid4465

Mr. Bird has $100 income this year and zero income next year. The market interest rate is 10 percent per year. Mr. Bird also has an investment opportunity in which he can invest $50 today and receive $80 next year. Suppose Mr. Bird consumes $30 this year and invests in the project. What will be his consumption next year

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Mr. Bird has $100 income this year and zero income next year. The market interest rate is 10 percent...

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