A bank recently loaned you $15,000 to buy a car. The loan is for five years (60 months) and is fully amortized. The nominal rate on the loan is 12%, and payments are made at the end of each month. What will be the remaining balance on the loan after you make the 30^th payment?

a. $ 8,611.17

b. $ 8,363.62

c. $14,515.50

d. $ 8,637.38

e. $ 7,599.03