The Johnston Family Wish to Purchase a $350,000 Condo

The Johnston family wish to purchase a $350,000 condo. The borrowing rate is set at 3.95% compounded quarterly based on a 25-year period. Determine how much money will be saved if their monthly payments are at the start of each month instead of at the end of the month.

A) $1,650.50
B) $1,750.00
C) $1,800.50
D) $1,950.50
E) $2,005.00