Hui Tan has borrowed $25,000 from his local bank. The loan will cost him 12% per year

for the first 7 years and 4% per year for the next 15 years. The interest is compounded

annually. At the end of the 22 years, the amount he will have to repay is closest to:

Marke

O a.

$302.507.75

O

b.

$135.913.51

O

C.

$100,290.62

O d. $99,532.81

Oe

$50.145.31