In the life cycle model, total amount available for consumption in period 1 is: A)C₁= M₁+ (1 + i)/(M₀- C₀). B)C₁= M₁+ (M₀- C₀)/(1 + i). C)C₁= M₁+ M₀- C_0. D)C₁= M₁+ (1 + i)(M₀- C₀).

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The Answer of In the life cycle model, total amount available for consumption in period 1 is: A)C₁= M₁+ (1 + i)/(M₀- C₀). B)C₁= M₁+ (M₀- C₀)/(1 + i). C)C₁= M₁+ M₀- C_0. D)C₁= M₁+ (1 + i)(M₀- C₀).

In the Life Cycle Model, Total Amount Available for Consumption