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Mr. Free has $100 income this year and zero income next year. The market interest rate is 10 percent per year. If Mr. Free consumes $30 this year and invests the rest in the market, what will be his consumption
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Mr. Free has $100 income this year and zero income next year. The market interest rate is 10 percent per year. If Mr. Free consumes $30 this year and invests the rest in the market, what will be his consumption next year?

User CannibalSmith
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3.1k points

1 Answer

4 votes

Answer:

0

Step-by-step explanation:

he consumed 30%

he put 70$ in the free marker investment

he is broke

User Matteofigus
by
3.8k points
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