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Suppose Lily is a 20 year old university student .According to finance design a life cycle model for her . a .Note : In this

Suppose Lily is a 20 year old university student .According to finance design a life cycle model for her .

a .Note : In this work you should first , present clearly your assumptions and any notation you adopt from this work .

b. You should compute how much Lily needs to save for her retirement by assuming that she needs to maintain the same level of consumption spending before and after retirement .

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