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How much would your yearly repayments [ (A) ] be if you borrow today $700,000 for t=25 years at the interest rate i=5% compounded annually?

How much would your yearly repayments [ (A) ] be if you borrow today $700,000 for t=25 years at the interest rate i=5% compounded annually? Assume that the first repayment is paid immediately (at the start of year 1).

a. 2370,488.46

b. 206,711.94

c. 13,968.30

d. None of the answers is correct

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