Two years ago, you purchased your first car and financed your purchase with a five-year loan at 6.0% p.a. You were making monthly payments of $1,160 on the car loan and you have just made your 24th monthly payment on the car today. The amount of your original loan is closest to:

a) $38,130.

b) $58,640.

c) $60,000.

d) $69,600.