Chuck Wells is planning to buy a Winnebago motor home. The listed price is $175,000. Chuck can get a secured add-on interest loan from his bank at 7.45% for as long as 60 months if he pays 15% down. What will be Chuck's monthly payment on the loan?
a) $3,128.13
b) $3,238.57
c) $3,349.00
d) $3,459.43