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Brenda is 30 years old and she plans to retire at the age of 60. She is expected to live up to the age of 85. Her labour income is $45,000 per year

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Brenda is 30 years old and she plans to retire at the age of 60. She is expected to live up to the age of 85. Her labour income is $45,000 per year and she intends to maintain a constant level of real consumption spending over the next 55 years. Assuming a real interest rate of 4% per year, no taxes and no growth in real labour income, what is the value of Brenda's human capital? a. $35,196 b. $40,005 c. $994,888 d. $778,141 e. none of the above
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Question: Brenda is 30 years old and she plans to retire at the age of 60. She is expected to live up to the age of 85. Her labour income
is $45,000 per year and she intends to maintain a constant...

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