Your friend offers to sell you her car for $30,000 today. You agree to pay $14,000 today but the balance in exactly 17 months when you expect to have some cash. How much will you need to pay your friend in 17 months if the interest rate is 8% per annum compounding monthly?

A. $17,913.34

B. $16,000.00

C. $17,446.42

D. $16,423.60