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05 ) Amy wants to consume smoothly in both time periode despite having different income levels in the Income in period I 40,000 and in

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05 ) Amy wants to consume smoothly in both time periode despite having different income levels in the Income in period I 40,000 and in period 2 in 548,500. Amy also had an initial wealth of $30,000. 1 interest rate is 154 calculate *). Drive an equation for smooth consumption across time periods b) Consumption level in both time periods c) level of wealth between both time periode d). Savings and saving rate in each time period e) Verify your calentations numerically hility distribution och und B: 05 ) Amy wants to consume smoothly in both time periode despite having different income levels in the Income in period I 40,000 and in period 2 in 548,500. Amy also had an initial wealth of $30,000. 1 interest rate is 154 calculate *). Drive an equation for smooth consumption across time periods b) Consumption level in both time periods c) level of wealth between both time periode d). Savings and saving rate in each time period e) Verify your calentations numerically hility distribution och und B

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