Question

A landscaping company buys a new bulldozer for $61,000.00.
The company makes a down payment of $15,000.00 and finances the balance at 6.0% APR over 60 months.
The monthly payment is $889.33.
A split second after making the 12th payment, the company owner decides to pay the remaining balance on loan.
What is the total amount due to pay off the balance? Use the actuarial method.

$31,418.37

$33,772.15

$37,867.33

$44,784.81