Timothy borrowed $Y from the bank for 25 years, servicing this loan with monthly payments of $Z, with the first payment being made one month after the loan. The nominal interest rate is 6% per annum, compounded monthly. If the interest portion of payment is $1250, the value of $Z is closest to: the gth (A) (B) (C) (D) (E) $1,610 $1,627 $1,682 $1,708 $1,725