You and your partner can afford a maximum mortgage payment of $1,200 per month. The current interest rate is 3.2% compounded semiannually. What is the maximum mortgage loan you can afford if the amortization period is twenty-five years? Round your answer to the nearest $100 dollar value. Question 2 options: A) $268,700 B) $295,200 C) $248,200 D) $287,200 E) $244,900