Suppose you are buying your first home for $250,000, and you have $15,000 for your 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? Select the correct answer. a. $1,474.96 b. $1,495.76 c. $1,485.36 d. $1,490.56 e. $1,500.96