An investor borrows `$200\ 000` for five years to buy an apartment.

The interest rate is `text(8.5%)` per annum compounding monthly.

It is an interest only loan, that is, at the end of five years, the investor will still owe `$200\ 000`.

He is required to make monthly repayments.

Correct to the nearest cent, his monthly repayment will be

**A. ** $666.67

**B.** $1416.67

**C. **$1757.67

**D. ** $4103.31

**E. ** $6789.95