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An individual has an income of $35,000 in period O and $40,000 in period 1I. The market interest rate is 8% and there is an

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An individual has an income of $35,000 in period O and $40,000 in period 1I. The market interest rate is 8% and there is an investment opportunity that costs $10,000 in period 0 that is worth $11,000 in period I. What is the maximum possible consumption in period 0if the individual makes the investment and consumes $50,000 in period 1

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