An investor receives a loan of $$950,000$ for a $25-$year term and $15\%$ interest rate with monthly compounding. What are the monthly payments and what would the loan balance be after $12$ years?

Monthly payments would be $$12,168$ and loan balance would be $$810,719$

Monthly payments would be $$12,168$ and loan balance would be $$833,253$

Monthly payments would be $$146,964$ and loan balance would be $$796,638$

Monthly payments would be $$146,964$ and loan balance would be $$820,524$