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Kai takes out a bank loan for $14,100.00 maturing in 10 years. The interest rate on the loan is 2.000% compounded weekly and he will

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Kai takes out a bank loan for $14,100.00 maturing in 10 years. The interest rate on the loan is 2.000% compounded weekly and he will repay the loan by making level quarterly payments. If he defaults just after making payment number 11, how much money does the bank lose? a. $12,074.04. O b. $12,703.99. O c. $10,499.17. O d. $13,018.97. O e. $12,494.01

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