Dennis earns 55000 in the current period and will earn, Financial Management

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Dennis earns 55000 in the current period and will earn

Dennis earns $55,000 in the current period and will earn $85,000 in the future. (a) What is the minimum interest rate that would allow Dennis to con- sume $180,000 in the future period? (b) What is the maximum interest rate that would allow Dennis to con- sume $120,000 in current period?

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Financial Management: Dennis earns 55000 in the current period and will earn

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