Question
Kathy earns $55,000 in the current period and will earn $60,000 in the future period. What is the maximum interest rate that would allow her
Kathy earns $55,000 in the current period and will earn $60,000 in the future period.
What is the maximum interest rate that would allow her to spend $105,000 in the cur-
rent period? What is the minimum interest rate that would allow her to spend $120,500
in the future period?
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
