You have just arranged for a 25-year monthly mortgage loan for half of the $3 million purchase price of your new condominium unit. The effective annual rate of this amortized loan is 4.177%. What is the monthly installment amount? (rounded to the nearest $)

X A: $8,065

X B: $8,000

X C: $8,152

X D: $61,487

X E: $62,655

Please show the correct option with proper explanation and STEP-BY-STEP working.