A loan of $$25,000$ at an annual rate of $14\%$ is repayable through $5$ annual year$-$end payments. The total cost of the loan $($or total interets paid over the $5$ years$)$ is close to:

Answer

a$)$ $$18,135$

b$)$ $$9,676$

c$)$ $$7,500$

d$)$$$11,410$