Find the Periodic Payment R Required to Amortize a Loan

Multiple Choice

Find the periodic payment R required to amortize a loan of P dollars over t years with interest earned at the rate of r%/year compounded m times a year. Round your answer to the nearest cent. ​
P = 80,000, r = 9, t = 12, m = 2
​

A) R = $5,461.61
B) R = $5,876.44
C) R = $5,518.96
D) R = $5,642.49