Question: Question 3 (3 points) Isla has the following debt payment options: A: Pay $5,500 today OR B: Pay $3,500 today and $2,000 in 9

Question 3 (3 points) Isla has the following debt payment options: A:

Question 3 (3 points) Isla has the following debt payment options: A: Pay $5,500 today OR B: Pay $3,500 today and $2,000 in 9 months If the current simple interest rate is 4.4%, a. What is the current economic value of option B? b. Which option should Isla choose (A or B)? A/ c. What is the economic advantage of that option? A

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