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Indicate the answer choice that best completes the statement or answers the question. If Hermione Granger took out a student loan of $ 5 0

Indicate the answer choice that best completes the statement or answers the question.
If Hermione Granger took out a student loan of $50,000 at an 5% interest rate, and she needs to repay it in three equal installments at the end of each of the
next 3 years, what would be the amount of her payments?
a. $1,498.54
b. $17,486.12
c. $18,360.43
d. $43,191.88
e. $15,860.43
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