Suppose you are buying your first condo for $300,000, and you will make a $15,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?
a. $1,369.06
b. $2,179.69
c. $2,215.71
d. $1,801.39
e. $1,459.13