3) Evan needs to borrow $4,000.00 to purchase a Volkswagen beetle. Swifty Car Loans will loan him the money for 6.7% simple interest. Value Bux Dealers will loan him the money for 5.9% compound interest. Evan will make no payments for four years. Which statement below best describes the situation? A. Evan should pick Swifty Car Loans because his total cost will be $3,958.88 less than with the other loan company. B. Evan should pick Value Bux Dealers because he will pay $41.12 less in interest. C. Evan should pick Swifty Car Loans because his total cost will be only $5,072.00. D. Evan should pick Value Bux Dealers because the total cost of his loan will be $4,944.00, which is less than borrowing from the other loan company.​