You Just Borrowed $17,500 from the Bank to Use in Your

You just borrowed $17,500 from the bank to use in your business. The loan terms require you to pay the interest annually with the entire principal due in four years. The interest rate is 9.5%. How much will you pay to the bank in year four of the loan?

A) $19,162.50
B) $20,225.00
C) $20,825.00
D) $22,875.50
E) $24,150.00