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In the Life Cycle Model, Total Amount Available for Consumption

Question 61

Multiple Choice

In the life cycle model, total amount available for consumption in period 0 is:

A) C₀= M₀+ present value of(M₁- C₁) .
B) C₀= M₀+ M_1.
C) C₀= M₀+ future value of (M₁- C₁) .
D) C₀= M₀+ M₁- C_1.

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