A medical school student opens a credit card to pay for living expenses during their first year of medical school. The student expects to pay $12,500 in living expenses. The credit card company charges an annual interest rate of 15.99% compounded
continuously. I no payments are made for three years, what will be the balance on the card rounded to the nearest penny?
O$20,194.87
$20.129.60
O$18.406.25
O$14.667.42