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Business, 23.12.2019 22:31 joshajgaa

Smith lives in a world with two time periods. his income in each period, which he receives at the beginning of each period, is $210. if the interest rate, expressed as a fraction, is 0.05 per time period, what is the present value of his lifetime income? draw his intertemporal budget constraint. on the same axes, draw smith’s intertemporal budget constraint when r = 0.20.

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