You Are Buying a Pre-Owned Car Today at a Price

You are buying a pre-owned car today at a price of $9,200. You are paying $1,500 down in cash and financing the balance for 60 months at 7.25%. What is the amount of each loan payment?

A) $152.46
B) $153.38
C) $153.27
D) $154.06
E) $154.89