Sam got a job at the Brick. He immediately finances a car paying $500 every month for 3 years. The interest is 2.25% compounded monthly. How much is the interest cost of the financing?

Select one:

A.

$603.37

B.

$408.04

C.

$17 390.19

D.

$609.81

E.

$9284.81

Clear my choice