Task: Question Answering
Input (English): Problem: jim needs $ 1000 to buy a new flat - screen tv . since he has only $ 7 , he borrows the remaining balance from his sister mary . the loan will be repaid in 3 annual installments at an interest rate of 10 % , compounded annually . the formula for calculating the monthly payment p is p = ( l x c x r ) / ( c – 1 ) where l = amount of the loan , r = annual interest rate , and c = compounding factor = ( 1 + r ) ^ n where n = number of annual payments . how much does jim have to pay mary at the end of each of the next 3 years ( rounded to the nearest penny ) ? 
Options: a ) $ 357.67 , b ) $ 375.85 , c ) $ 387.40 , d ) $ 399.30 , e ) $ 433.33
Output (English): d