Question: Ms . Newcastle has $ 6 0 , 0 0 0 in income this year and will have $ 5 2 , 0 0 0

Ms. Newcastle has $60,000 in income this year and will have $52,000 next year. The market interest rate is 10 percent per year. Suppose Ms. Newcastle wishes to consume $87,200 next year. How much will she be able to consume this year?

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