You have approached Witch Bank for a loan to buy a house. The bank offers you a$700,000 loan, repayable by equal monthly instalments (consisting of interest and principal repayments) at the end of each month for the next 25 years. If the interest rate is 6% per annum, compounded monthly, what will your monthly repayment be?

A.$4,510.11

B.$2,821.36

C.$3,598.90

D.$4,667.56