Multiple Choice
Assuming no bequests,with a real rate of interest of 10 percent,wealth of $60,000,current income of $70,000,future income of $180,000 and future consumption of $158,000,current consumption must equal ________.
A) $158,000
B) $150,000
C) $152,000
D) $130,000
Correct Answer:
Verified
Correct Answer:
Verified
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