Chase Purchased a $30,000 Car Three Years Ago Using a 10

Multiple Choice

Chase purchased a $30,000 car three years ago using a 10 percent, 5-year car loan. He has decided that he would sell the car now if he could get a price that would pay off the balance of his loan. What is the minimum price Chase would need to receive for his car? (Assume monthly payments.)

A) $12,000.00
B) $13,813.25
C) $21,500.75
D) $23,739.05