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You expect to earn $100,000 in 2013 and $130,000 in 2014. If you decided to consume $80,000 in 2013 and market interest rates were 10%

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You expect to earn $100,000 in 2013 and $130,000 in 2014. If you decided to consume $80,000 in 2013 and market interest rates were 10% p.a. compounded semi-annually over the period, what is the most you could consume in 2014? $152,050 $130,000 $150,000 $240,000 $240,250

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