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Michele Dupuis is a saver. Her current income is $96,000; next year she will earn $71,000. She plans to consume only $51,200 this year. The

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Michele Dupuis is a saver. Her current income is $96,000; next year she will earn $71,000. She plans to consume only $51,200 this year. The current interest rate is 7 percent. What will Michele's consumption potential be next year? a) $118,936 Ob) $77,808 c) $111,400 d) $79,620

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