Amani, a University of Iowa basketball standout, is offered a choice of contracts by the New

York Liberty. The first one gives her $$100,000$ one year from today and $$100,000$ two years

from today. The second one gives her $$132,000$ one year from today and $$66,000$ two years

from today. As her agent, you must compute the present value of each contract. Which of

the following interest rates is the lowest one at which the present value of the second contract

exceeds that of the first?

$($a$)6$ percent

$($b$)7$ percent

$($c$)8$ percent

$($d$)9$ percent

$($e$)10$ percent

$($f$)$ None of the others