Suppose you have obtained a 6%, 30-year fully-amortized FHA mortgage with the loan size of $152,625 to finance the purchase of your primary residence. Besides the up-front insurance premium, you need pay a monthly insurance premium (1.1% in annual rate). If the first-year average loan balance is $151,775.25, determine the average monthly insurance premium in the first year A. 139.13 B. 1,669.53 C. 1,025.69 D. 1,678.88