Question: looking for help solving the problem, with explanation/ step by step directions on how you came to your answer, thank you! Consider an economy that
looking for help solving the problem, with explanation/ step by step directions on how you came to your answer, thank you!

Consider an economy that is populated by many identical consumers. The representative consumer has preferences that can be described by the utility function u(c,c') = In(c) + 2In(c'), where c is the level of current consumption and C is the level of future consumption. The marginal utilities of the consumer are given as MU, = - and MU. = The consumer has a current income of $5,000 and a future income of $7,000. The consumer pays $1,000 in tax in each period (current and future). The real interest rate is r = 0.05. What is the consumer's lifetime wealth, we? Round your answer to at least 2 decimal places
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