Donald buys a machine from Biden Manufacturer and signs a contract that calls for a down payment of $18000 and for the payment of $800 at the end of every month for 8 years. The interest rate is 12% p.a. compounded quarterly. If Joe missed the first 15 payments of $800, what must he pay at the time the 16th payment is due to discharge his indebtedness completely? A. $57857.61 B. $59327.45 C. $53198.98 D. $61277.36 E. $63188.59 F. $51778.58 G.\$53811.67 H.\$54666.22 I. $55398.52 J. $55999.81 K. \$56110.39 L. $48999.68 Donald buys a machine from Biden Manufacturer and signs a contract that calls for a down payment of $18000 and for the payment of $800 at the end of every month for 8 years. The interest rate is 12% p.a. compounded quarterly. If Joe missed the first 15 payments of $800, what must he pay at the time the 16th payment is due to discharge his indebtedness completely? A. $57857.61 B. $59327.45 C. $53198.98 D. $61277.36 E. $63188.59 F. $51778.58 G.\$53811.67 H.\$54666.22 I. $55398.52 J. $55999.81 K. \$56110.39 L. $48999.68