What is the answer to this question? Your income this year is...
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Your income this year is $110,000 and your income next year is $88,000. The borrowing rate is 6% pa, and the savings rate is 4% pa. There is also a project which costs $50,000 today and pays $54,000 next year. Under these circumstances, what is the maximum consumption you can achieve next year? $202,400 $192,830 $205,600 $204,400 $193,360
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Your income this year is $110,000 and your income next year is $88,000. The borrowing rate is 6% pa, and the savings rate is 4% pa. There is also a project which costs $50,000 today and pays $54,000 next year. Under these circumstances, what is the maximum consumption you can achieve next year? $202,400 $192,830 $205,600 $204,400 $193,360
