11. Today, Harry the Hawk bought a new car from We Don't Play Any Defense Motors. The purchase price for the car was $40,000. Harry paid $15,000 down in cash and financed the rest with a 60 -month car loan. The interest rate on the loan is 3.0% APR (with monthly compounding). Harry has a plan to pay off the loan after the 35th payment. What will be the balance on the car loan at the time of the big "payoff"? (ROUND TO THE NEAREST DOLLAR) a. $8,699 b. $10,874 c. $12,029 d. $13$93 c. $15,036