. The Purple Pillow is a bed-and-breakfast. This establishment spent $238,700 to refurbish an old mansion and create the current facility. They borrowed 70 percent of the refurbishment cost at 9 percent interest for 15 years. What is the amount of each monthly payment? a. b. C. d. e. $1,694.74 $1,806.23 $1,815.79 $2,306.17 $2,421.05