Big E Co$.$ buys a heavy duty forklift for its warehouse operations. This equipment costs $$80,000.$ The dealer offers Big $E$ the opportunity to pay off the financing loan in $5$ annual payments or $60$ monthly payments, at Big E$\text{'}$s option. The interest rate is $12\%.$ Which option is better?

Annual payment if paid in $5$ installments:

Monthly payment if paid in $60$ installments:

Annual total of $12$ monthly payments:

Extra amount by paying annually $(A-B)$