You purchase a new motorcycle from a local dealer at a cost of $15,000. To pay for your new vehicle you pay a deposit of $2,000 and borrow the rest from your bank at a rate of 12% compounded monthly. If you pay the loan off in two years, your monthly payments are:

A: 706.10

B: 1,332.73

C: 611.96

D: Not enough info

E: None of the choices given