Solve the Problem

Solve the problem. Use an annual percentage rate table if necessary.
-Reggie King took out a 36-month fixed installment loan of $20,000 to open a sporting goods store. He began making monthly payments of $631.33. Reggie's business does better than expected and
Instead of making his 18th payment, Reggie decides to repay his loan in full. What is the total
Amount due to pay off the balance (use the actuarial method) ?

A) $10,584.43
B) $10,634.48
C) $11,265.81
D) $10,713.08