Maryanne Expects to Work for Another 30 Years and Expects

question 55

Multiple Choice

Maryanne expects to work for another 30 years and expects to live another 10 years after she retires.If Maryanne completely smooths consumption over her lifetime,for every $1000 increase in wealth,she will use ________ for consumption each year.

• A) $10.00
• B) $25.00
• C) $100
• D) $333

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