Ross purchased a new commercial vehicle today for $25,000. The entire amount was financed using a five-year loan with a 4 percent interest rate (compounded monthly). How much will Ross owe on his vehicle loan after making payments for three years?

a. $10,089.56

b. $10,602.44

c. $10,857.28

d. $11,345.77

The correct answer is b.

But I need to know how to do it STEP BY STEP on the FINANCE CALCULATOR. Thank you!