Solve the Problem. -Barb Is Buying a New Car for $13,000. Her Old

Solve the problem.
-Barb is buying a new car for $13,000. Her old car has a trade-in Value of $2500. The dealer informs her that the financing charge is 7% add-on interest. If she wishes to take 2 years to pay off the car,
What will be the total amount to be repaid?

A) $11,235.00
B) $14,820.00
C) $11,970.00
D) $157,500.00