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person will save a certain amnt of income this yr and spend [#permalink]
08 Sep 2004, 12:07
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person will save a certain amnt of income this yr and spend the rest. next yr person will have no income but for each $ saved this yr, will have 1+r next year. in terms of r wht fraction of the income shud person save so that next year amnt avilable to spend is half the amount spent this year