You and your dog Theodore II have found a home to buy that is selling for $120,000: you will put down $20,000 and obtain a 25-year fixed rate mortgage for the remainder. Assume that monthly payments begin in one month. What will each payment be if the interest rate you borrow at is 10%?

a. $751.27

b. $757.76

c. $804.63

d. $877.57

e. $908.70