William recently bought an old Mazda CX5 for $14,888 and financed it at 8% compounded semi-annually. If he wants to pay off the debt in three years by making payments at the end of each month. How much will he need to pay each month?

Select one:

a.

$367.28

b.

$466.54

c.

$368.00

d.

$465.64