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What is the max amount you can spend year

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You have 60,000 of income this year and expect your income next year to be 30,000. THe market rate of interest is 10% per year. Considering the income from this year and next year, what is the max amount you can spend this year? Next year? If you want to spend 63,000 next year, what is the max spend for this year? What can you spend next year? What is the max amount you can spend this year?

Reference no: EM133306918

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