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( 1 5 pts ) I ask my friends Brittney and Leah if I can borrow $ 5 0 0 from them. I promise to

(15 pts) I ask my friends Brittney and Leah if I can borrow $500 from them. I promise to fay them back after one year. Both friends are willing to loan me the money as long as I pay them the original $500 plus a little extra at the end of the year. Brittney wants $505 while Leah wants $510.
a (5 pts) For Leah, $510 is the value of lending me $500 today.
b (5 pts) Brittney's discount rate is: (select one)
i. higher than Leah's
ii. lower than Leah's
iii. the same as Leah's
c (5 pts) I decide to borrow the money from Brittney. However, I change the terms of our agreement. I ask Brittney if I can borrow $500 from her today and pay her back $515 three years from now. Assuming her discount rate stays the same, will Brittney still loan me the money? (select one)
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