The Next Questions Refer to the Following

Multiple Choice

The next questions refer to the following.
An individual is endowed with $100 of income in period 1, and will receive an income of 121 in period 2. The interest rate is 10%, and there are only 2 periods.
-In order to have the same level of consumption in both periods,each period's consumption must be

A) 80
B) 100
C) 110
D) 110.5
E) 121