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Today, Mustafa purchased furniture for his home at a price of $15,000. He financed it with a bank loan and he will make monthly payments

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Today, Mustafa purchased furniture for his home at a price of $15,000. He financed it with a bank loan and he will make monthly payments for the next 2 years. If the interest rate is 12%, what is the amount of each monthly loan payment? a. $529.75 O b. $863.28 O c. $1,042.14 O d. $9,875.47 O e. $706.10

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