You have just taken on a 30-year, 6% p.a. (to be compounded monthly), $300,000 mortgage and would like to pay it off in 15 years.
By how much will your monthly payment have to change to accomplish this objective?
A. $2,531.57
B. $ 732.92
C. $1,798.65
D. $ 833.33
E. $ 633.12