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Joe purchased a home that costs $2.79 million. He didnt have enough money so his down payment was 15 percent in cash and the rest

Joe purchased a home that costs $2.79 million. He didnt have enough money so his down payment was 15 percent in cash and the rest was financed. The loan has monthly payments for 15 years with a rate of 7.75 percent per year. What is the amount of each monthly payment?

A. $1,522.35

B. $2,787.77

C. $19,708.11

D. $22,322.35

E. $24,777.17

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