Consider an economy that is described by the production function y = k (el) . the depreciation rate is 5 =0.15 , and population growth rate is n=0.05. technology grows at the rate g=0.1. what are the golden rule levels of capital and output per effective worker? ok=2.13, y=1.11 ok=3.12, y=1.65 ok=2.77, y=1.66 ok=2.77, y=1.90

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?