Answer to Question #67124 in Microeconomics for rhythm

Question #67124
if an individual earns $ 50 for 40 years and hopes to live for 10 years in retirement what is this person's consumption each year .(assuming zero interest rate)
1
Expert's answer
2017-04-03T11:28:07-0400
If an individual earns $ 50 per year for 40 years and hopes to live for 10 years in retirement, then assuming zero interest rate this person's consumption each year is C = 40*$50/10 = $200.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal