Suppose you are buying your first condo for $260,000, and you will make a $15,000 down payment. You have arranged to finance the remainder with a 30 year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be? a. 51,540.22 b. 51.634 .52 c. $1,548.57 d. 52.007 .64 e. 51,643.38