Solve the Problem

Multiple Choice

Solve the problem. Use an annual percentage rate table if necessary.
-Enrique has a 60-month fixed installment loan, with a monthly payment of $50.69. The amount he Borrowed was $2500. Instead of making his 36th payment, Enrique is paying the remaining Balance on the loan. How much interest will Enrique save (use the actuarial method) ?

A) $91.73
B) $95.72
C) $103.90
D) $96.86