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Rina just turned 25 years old, plans to retire at fifty five and expects to live to one hundred.The present value of rinas earnigs is
Rina just turned 25 years old, plans to retire at fifty five and expects to live to one hundred.The present value of rinas earnigs is 1 , 500 , 000 and she intends to maintain a constant level of real consumption spending over the rest of her life. Assuming a real interest rate of 4 percent per year no taxes what is the value of rinas Constant level of spebding for the rest of her life
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