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Ms Venus Has $100 Income This Year and $110 Next

Question 31

Multiple Choice

Ms. Venus has $100 income this year and $110 next year. The market interest rate is 10 percent per year. Suppose Ms. Venus consumes $60 this year. What will be her consumption next year?


A) $120
B) $154
C) $170
D) $210

Correct Answer:

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