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Right now, on May 13, 2020, you are willing to give up $100 on August 13, 2020 in exchange for $120 on November 13, 2020.

Right now, on May 13, 2020, you are willing to give up $100 on August 13, 2020 in exchange for $120 on November 13, 2020. If you are rational, how much do you need to be compensated on May 13, 2021 to give up $100 on August 13, 2020. Define your discount term/s on a monthly basis.

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