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How do I do this problem? Eli made a down payment of $1,750 on a jet ski with a purchase price of $9,925. The balance was paid for using a five-year installment loan. If the interest rate on the loan is 11.4%, what is the total cost of the jet ski?

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$57,687 not to sure
That's defiantly not it. 'cause I have these options for an answer: $9,106.95 $10,762.80 $12,512.80 $13,066.80
I just really need to know what formula to use for this problem... I'm so confused on which one to use.

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