HELP






Gilbert Morales has a car loan of $195 per month at 8% annual interest rate. He would like to pay off the car three years early. How much will his payoff be?
A=M⎛⎝1−1(1+m)q⎞⎠m
A. $7,020.00
B. $6,220.00
C. $4,680.00
D. $560.00