A loan of $100,000 is to be repaid by twenty equal quarterly payments including principal and interest at a nominal interest rate of 6% per year compounded semiannually.

The first payment is at the end of the first quarter. What is the size of each payment?

A < $5,790

B $5,790 but < $5,800

C $5,800 but < $5,810

D $5,810 but < $5,820

E $5,820