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Business, 15.07.2019 00:00 deannabrown2293

Mr. smith has an income of $40,000 this year and $60,000 next year. he can invest in a project that costs $30,000 this year, which generates an income of $36,000 next year. the market interest rate is 10 percent. what will be his consumption next year if mr. smith invests in the project and consumes $50,000 this year?

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