Solve the Problem Using the Rule of 78s

Multiple Choice

Solve the problem using the rule of 78s.
-Caroline Jones took out a 48-month fixed installment loan of $21,000 to open a restaurant. She Began making monthly payments of $533.75. Carolineʹs business does better than expected and Instead of making her 27th payment, Caroline decides to repay her loan in full. What is the total
Amount due to pay off the balance?

A) $10,835.00
B) $10,348.64
C) $11,022.34
D) $10,301.25