Multiple Choice
Maryanne expects to work for another 30 years and expects to live another 10 years after she retires.If Maryanne completely smooths consumption over her lifetime,for every $1000 increase in wealth,she will use ________ for consumption each year.
A) $10.00
B) $25.00
C) $100
D) $333
Correct Answer:
Verified
Correct Answer:
Verified
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