You just started a new job and are thinking about buying a new house. The house that you want is currently sold at $300,000. You decided to put some money aside at the end of each month so you can buy this house without having to take out a mortgage loan. The bank guarantees an annual percentage rate of 5.1% as long as you have an account with them. If the price of the house will not change and you want to buy this house in 15 years, how much money will you have to put aside each month?

a. $1,000.00

b. $1113.04

c. $1,666.67

d.$1,978.15