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.
Correct Answer:
Verified
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