Carol Can Borrow $13 000 to Buy a Used Car

Multiple Choice

Carol can borrow $13 000 to buy a used car from the bank at 8% for five years,or from her friend Eric,who is willing to lend her the money at 7% for five years.If Carol accepts Eric's offer,he can expect a lump-sum repayment in five years of approximately

A) $13 544.
B) $15 239.
C) $17 837.
D) $18 233.
E) $19 097.