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's option. The interest rate is 12%. Which option is better? Annual payment if paid in 5 installments: A Monthly payment if paid in 60 installments: Annual total of 12 monthly payments: Extra amount by paying annually (A-B)