Suppose you are buying your first condo for $1,450,000, and you will make a $315,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 0.54167% monthly interest rate, with the first payment due in one month.

What will your monthly payments be?

A. 7,158.28

B. 7,100.32

C. 7,174.00

D. 7,223.16

E. 7,129.54