Question $6(4$ points$)$

An engineer quoted a price of $$14,700$ to fix up David's vacation home. David put $$13,500$ into an account, five years ago, that has earned an average of $4\mathrm{.}75\%$ per year. Does David have enough money in his account to pay for the improvement?

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

Yes; Eric now has $$17,025\mathrm{.}66$ in his home improvement account.

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

There is not enough information to answer this question.