Annual Payments of $12,000 Are to Be Made on a $70,000

Annual payments of $12,000 are to be made on a $70,000 loan at 17% compounded annually. A smaller, final payment will be made at the end of the amortization period. What will be the size of the final payment?

A) $6,150
B) $5,256
C) $4,362
D) $5,914
E) $8,778