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Jessica will be receiving $3,600 five years from now. Her desire is to get a loan today and then repay it in one lump sum

Jessica will be receiving $3,600 five years from now. Her desire is to get a loan today and then repay it in one lump sum when she receives her funds. What is the maximum loan Jessica can get today if the bank charges 8.5% interest?

a. $2,433.86

b. $2,416.36

c. $2,501.08

d. $2,394.16

e. $2,357.10

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