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Luke let a friend borrow $5,000 that was to be paid back in a single payment after three year period. Luke gave his friend two

Luke let a friend borrow $5,000 that was to be paid back in a single payment after three year period. Luke gave his friend two financing options shown below. The best choice for Luke's friend is _______

Option A: 10% per year simple interest

Option B: 4.5% per half-year, compounded continuously

a) Option A because it saves approximately $771 in interest

b) Option A because it saves approximately $50 in interest

c) Option A because it saves approximately $91 in interest

d) Option A because it saves approximately $117 in interest

e) Option B because it saves approximately $145 in interest

f) Option B because it saves approximately $55 in interest

g) Option B because it saves approximately $72 in interest   

h) Option B because it saves approximately $33 in interest

i) Either option because they result in the same single payment

j) Not enough information is given to make a choice

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