You expect to earn $50,000 this year, $60,000 next year and $70,000 in two years time. Interest
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Question:
You expect to earn $50,000 this year, $60,000 next year and $70,000 in two years’ time. Interest rates over the next two years are expected to be 8% p.a. compounded annually. What is the most you could consume this year if you consumed nothing for the next two years?
Group of answer choices$178,814.81
$189,241.16
$180,000.00
$153,304.88
$165,569.27
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