Question $7(1$ point$)$

Eunsup has just graduated and is beginning to pay off his student loan.

No interest is charged on his loan until graduation.

He will repay the loan by making a payment of $$398\mathrm{.}33$ each month for the next $7$

years, at an interest rate of $6\mathrm{.}3\%$ per year compounded monthly.

How much did Eunsup borrow?

A$)$ $$17000\mathrm{.}00$

B$)$ $$33459\mathrm{.}00$

C$)$ $$27000\mathrm{.}00$

D$)$ $$33000\mathrm{.}00$