17. (4 pts) A student needs money for textbooks. This student needs $350 for next semester. The student is given two choices: (1) Borrow money from the college which offers short-term loans at 12% interest compounded monthly (2) Borrow money from a close friend who will charge a $3 monthly fee until the loan is repaid. To decide which loan is a better offer the student wants to write equations for each option. Circle all of the true statements below (a) The personal loan is an exponential model and the short term loan is a linear model (6) Neither situation is an exponential growth model The short term loan is exponential and the personal loan is linear (d) Both options are exponential growth models