Nvidia paid for two insurance policies effective on January $1,2024.$ One policy was $$36,720$ for $18$ months, and the other policy was $$9,000$ for a two$-$

year term. What is the balance in Nvidia's prepaid insurance as of December $31,2024?$

Multiple Choice

$$37,980$

$$45,720$

$$14,490$

$$16,740$