Kayton took out a mortgage of $300,000 from CIBC. He agreed to make monthly payment at the end of each month to pay off the mortgage over 25 years with interest rate of 5% compounding semi-annually. How much interest did he pay in the 3rd year?

Select one:

a. 15000

b. 14059.0717

c. 1232.9791

d. 1744.8150