A Judge Requires Harry to Make a Payment to Sally

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 $11,000 two years from today.Of the following interest rates,which is the lowest one at which Harry would be better off paying $11,000 two years from today?

A) 2 percent
B) 3 percent
C) 4 percent
D) 5 percent