Use the Excel Solver to solve the following discrete dynamic problem: max fug X 3 t

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Use the Excel Solver to solve the following discrete dynamic problem: max fug X 3 t ¼ 0   2 3 uðtÞyðtÞ  þ lnðyðTÞÞ s:t: yðt þ 1Þ ¼ yðtÞð1 þ uðtÞyðtÞÞ and y(0) ¼ 1.

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