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An investor with an initial capital of $10,000 must decide at the end of each year how much to spend and invest in a savings
An investor with an initial capital of $10,000 must decide at the end of each year how much to spend and invest in a savings account. Each dollar invested returns = $1.09 at the end of the year. The satisfaction derived from spending $y in any one year is quantified monetarily as $ Y. Solve the problem by Dynamic Programming for five years
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