31. Your survey company has decided to purchase a robotic total station field survey system for $40,000. The payment schedule recited in the loan agreement is $8,000 plus interest due payable at the end of each year. If the system is financed at 8% simple interest for 5 years, the additional cost to your company for financing versus paying cash when the system is delivered is most nearly: O A. $2,000 O B. $3,200 O C. $9.600 O D. $16,000