Question $14(4$ points$)$

$4$ tisten

Ahome improvement firm has quoted a price of $$14,700$ to fix up Eric's backyard. Five years ago, Eric put $$12,500$ into a home improvement account that has earned an average of $4\mathrm{.}75\%$ per year. Does Eric have enough money in his account to pay for the backyard fix$-$up$?$

A$)$ Yes; Eric now has exactly $$14,700$ in his home improvement account.

B$)$ Yes; Eric has $$15,764\mathrm{.}50$ in his home improvement account.

C$)$ No; Eric now has $$10,519\mathrm{.}32$ in his home improvement account.

D$)$ There is not enough information to answer this question.