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Beginning of the month than the end

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Problem: Suppose that you never carry cash. Your paycheck of $1000 per month is deposited directly into your checking account and you spend your money at a constant rate so that at the end of each month your chcking account balance is zero. How would each of the following changes affect your average monthly spend?

ii) You are uncertain about your total monthly spending?

iii) You spend more at the beginning of the month than the end?

Reference no: EM132473112

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