An uncle asks to borrow $1000 today and promises to repay you $1210 two years from now. To find the annual interest rate you would be agreeing to, you would search the second row in the: (PV of $1)

a. future value of $1 table, for the factor closest to 1.21.

b. present value of $1 table, for the factor closest to 0.82645

c. present value of $1, for the factor closest to 1.21

d. present value of an ordinary annuity of $1 table, for the factor closest to 1.21