Solve the Problem Using the Rule of 78

Multiple Choice

Solve the problem using the rule of 78.
-Carlo has a 36-month fixed installment loan, with a monthly payment of $466.67. The amount he borrowed was $14,000. Instead of making his 27th payment, Carlo is paying the remaining balance
On the loan. What is the total amount due to pay off the balance?

A) $4040.00
B) $3529.51
C) $4010.81
D) $4477.48