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[Lifecycle Model ] Suppose you divide your life into three periods-young, middle, and old age, with such as 20 years per period. If you have

[Lifecycle Model] Suppose you divide your life into three periods-young, middle, and old age, with such as 20 years per period. If you have income stream of {$300,000, $600,000, $100,000} for the three periods, calculate the optimal consumption for the three periods, assuming that you want to smooth your consumption over the periods and the per-period interest rate is 50%

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