Find the Periodic Payment Required to Repay $1,940 Repaid in 15

Multiple Choice

Find the periodic payment required to repay $1,940 repaid in 15 monthly installments, at an annual rate of 13%.Round to the nearest cent.

A) $\quad P = \$ 190.83$
B) $P = \$ 281.64$
C) $\quad P = \$ 140.82$
D) $\quad P = \$ 314.14$
E) $\quad P = \$ 126.74$