Your college friend needs to borrow $30,000 from you for a new business idea. She needs the money for 5 years. You determine that from an opportunity cost perspective the money is worth 8% compounded quarterly. How much should you demand in 5yrs? Select one:

a.

$32,400

b.

$44, 080

c.

$44,324

d.

$44, 578

e.

$139, 829