A Home Improvement Firm Has Quoted a Price of $14,700

Multiple Choice

A home improvement firm has quoted a price of $14,700 to fix up Eric's backyard.Five years ago,Eric put $12,500 into a home improvement account that has earned an average of 4.75% per year.Does Eric have enough money in his account to pay for the backyard fix-up?

A) Yes; Eric now has exactly $14,700 in his home improvement account.
B) Yes; Eric has $15,764.50 in his home improvement account.
C) No; Eric now has $10,519.32 in his home improvement account.
D) There is not enough information to answer this question.