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Suppose we have an investment problem as described in Exercise 1 2 of Chapter 1 ( initial investment of $ 2 0 0 0 ,
Suppose we have an investment problem as described in Exercise of Chapter initial investment of $ with an interest rate of However, instead of withdrawing $ at the end of the year, you withdraw $ at the start of the year. How might the recursion model change? Determine the explicit solution to the recursion model for this situation.
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