Use one of the following formulas:

$I=PVrt$;$,FV=PV(1+rt)$;$,FV=PV(1+i{)}^n$;$,FV=PV{e}^{rt}$;$,r_E=(1+\frac{r}{m}{)}^m-1$

$FV=PMT[\frac{(1+i{)}^n-1}{i}]$;$,PV=PMT[\frac{1-(1+i{)}^{-n}}{i}]$;$,PMT=\frac{\text{P}\text{V}\text{i}}{1-(1+i{)}^{-n}}$;$,B=PMT[\frac{1-(1+i{)}^{-(n-x)}}{i}]$

In order to purchase a home, a family borrows $$290,000$ at $3\mathrm{.}2\%$ compounded monthly for $30$ yrs$.$ What is their monthly payment? Round the

answer to the nearest cent.

A$.$ $$1,254\mathrm{.}15$

B$.$ $$2,101\mathrm{.}18$

C$.$ $$2,456\mathrm{.}91$

D$.$ $$10,071\mathrm{.}36$

E$.$ $$773\mathrm{.}34$