You lost a lawsuit and owe someone $10,000. You offer to pay them $1,000 a year for

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You lost a lawsuit and owe someone $10,000. You offer to pay them $1,000 a year for 10 years. They agree to spreading your payments over time, but only if you pay $1,000 a year for 12 years. Why did they make this counteroffer?
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Macroeconomics Principles Applications and Tools

ISBN: 978-0134420684

9th edition

Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez

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