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.

$12,494.01.

b.

$12,074.04.

c.

$10,499.17.

d.

$12,703.99.

e.

$13,018.97.