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You Have $20,000 of Current Income and $45,000 of Future

Question 36

Multiple Choice

You have $20,000 of current income and $45,000 of future income. The interest rate between the current and future period is 2 percent. What is the maximum amount you could consume in the future?


A) 65,400
B) 69,000
C) 20,400
D) 65,000

Correct Answer:

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