A loan of $75,000 is due 10 years from today. The borrower wants to make monthly payments at the end of each month into a fund so that the fund accumulates $75,000 by the end of 10 years. The fund will earn 10 percent returns compounded monthly. What will the monthly payments have to be?

a. $268.50

b. $366.13

c. $341.72

d. $317.31

e. $244.09