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

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The Answer of 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

A Judge Requires Harry to Make a Payment to Sally