Cozmo Costanza Just Took Out a $24,000 Bank Loan to Help

Cozmo Costanza just took out a $24,000 bank loan to help purchase his dream car.The bank offered a 5-year loan at a 6% APR.The loan will feature monthly payments and monthly compounding of interest.Suppose that Cozmo would like to pay off the remaining balance on his car loan at the end of the second year (24 payments) .What is the remaining balance on the car loan after the second year?

A) $10,469
B) $12,171
C) $14,400
D) $15,252