Suppose that Hugo lives for two periods, period one and period 2. In period 1, Hugo works, earns income Y, and saves S out of his income. In period 2, he is retired and consumes his savings plus whatever interest his savings have earned (r is the interest rate). Suppose that the government taxes interest income at a rate of t. What is Hugo's consumption in period 2? a. S b. S(1 + r t)2 c. S(1+rrt) d. S(1 + r t)