Jackson Has a Loan That Requires a $17,000 Lump Sum $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

Multiple Choice

Jackson has a loan that requires a $17,000 lump sum payment at the end of four years.The interest rate on the loan is 5%,compounded annually.How much did Jackson borrow today? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

A) $16,150
B) $13,600
C) $11,504
D) $13,986
E) $15,343