Ms. Sally has an income of RM40,000 this year and RM60,000 next year. She can invest in a project that costs…
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Ms. Sally has an income of RM40,000 this year and RM60,000 next year. She can invest in a project that costs RM30,000 this year, which generates an income of RM36,000 next year. The market interest rate is 10%. What will be his consumption next year, if Ms. Sally invests in the project and consumes RM50,000 this year?
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