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The Next Questions Refer to the Following

Question 27

Multiple Choice

The next questions refer to the following.
An individual is endowed with $100 of income in period 1, and will receive an income of 121 in period 2. The interest rate is 10%, and there are only 2 periods.
-If first period consumption is $80,then second period consumption must be


A) 129
B) 131
C) 141
D) 143
E) 201

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