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Solve it correctly please. Type answer required. I will vote. Suppose the real interest rate is 0%. Daniel worked for 60 years and he retired
Solve it correctly please. Type answer required. I will vote.
Suppose the real interest rate is 0%. Daniel worked for 60 years and he retired for 20 years. When Daniel had a job, his annual income is $10,000. During retirement, the annual pension he received was $6,000. Suppose Daniel smoothed consumption completely and had the following utility function: U(C) = VC. What was Daniel's lifetime utility? 7549.2 848.5 10119.3 7589.5Step by Step Solution
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