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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.
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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