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Explain a two time period budget equation

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Reference no: EM13131734

Congress must be happy with your findings. You are sitting at your desk starring at your very first bonus. Your bonus will be provided to you in two parts: 50% this year and 50% next year. You are dreaming about what to do with the money. Should you spend 50% this year and the other 50% next year, should you borrow against next year's portion to spend more of the bonus this year, or should you save a portion of this year's bonus to spend more of it next year.

Task: What did you end up doing? Explain using a two time period budget equation.

Reference no: EM13131734

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