Consumption decisions are consistent with the lch

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Assume that Rahaf's consumption decisions are consistent with the LCH.

In 2010 Rahaf is 22 years old, expects to earn income until she is 65, and expects to consume until she dies at age 85.

If Rahaf earns $ 60,000 per year and wishes to consume an equal amount each year, how much will she consume each year?

Reference no: EM132601324

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