Explain will you be a net borrower or net saver

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Reference no: EM13212071

Let P represent present consumption and F represent future consumption. Your utility function for present and future consumption is given by U(P,F)=P*F. You earn an income of $50,000 in the present, and will subsequently earn an income of $50,000 in the future. Will you be a net borrower or net saver (assume a positive interest rate)?

Reference no: EM13212071

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