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Mr. Smith has an income of 340,000 this year and $60,000 next year. He can invest in a project that costs $30000 this year= which

Mr. Smith has an income of 340,000 this year and $60,000 next year. He can invest in a project that costs $30000 this year= which generates an income of 836000 next year? 


The market interest rate is 10%? What will be his consumption next year: if Mr. Smith invests in the project and consumes $50,000 this year and has zero net savings at the end of next year?

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