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Question 2 (3 marks) Peter has income of $35,000 in period 0 and $50,000 in period 1. An investment opportunity that costs $13,000 in period

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Question 2 (3 marks) Peter has income of $35,000 in period 0 and $50,000 in period 1. An investment opportunity that costs $13,000 in period 0 is worth $15,000 in period 1. The market interest rate is 5%. What is the maximum possible consumption in period 0 if Peter consumes $28,000 in period 1

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