A Judge Requires Harry to Make a Payment to Sally

question 76

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

---

Definitions:

Flow

A psychological state in which a person is fully immersed and engaged in an activity, leading to enjoyment and a sense of involvement and achievement.

Flow

A psychological state where an individual is fully immersed and focused on the activity they are performing, often leading to a sense of enjoyment and fulfillment.

Human Factors Psychologists

Psychologists who study how people interact with machines and environments to improve technology, equipment, and workspaces.

Computer Keyboards

Input devices consisting of a set of keys used to enter information into a computer or other electronic systems.