Multiple Choice
A judge requires Harry to make a payment to Sally.The judge says that Harry can pay her either $10,000 today or $12,000 two years from today.Of the following interest rates,which is the highest one at which Harry would be better off paying the money today?
A) 4 percent
B) 6 percent
C) 9 percent
D) 11 percent
Correct Answer:
Verified
Correct Answer:
Verified
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