To Finance Their New Home, the Colemans Have Agreed to a $90,000

Multiple Choice

To finance their new home, the Colemans have agreed to a $90,000 mortgage loan at 9.25% APR. What will their monthly payments be if the loan has a term of 15 years?

A) $\$ 8325.00$
B) $\$ 11330.60$
C) $\$ 6376.63$
D) $\$ 926.27$
E) $\$ 546.25$