Caitlin Clark will be starting a new job in the WNBA. She is buying a house for $400,000. Caitlin can get a loan on 80 percent of the purchase price at 8.6 percent with monthly payments for a 20 year term. What would Caitlin's payments be if she borrows under these terms?
A)2797.32
B)792.49
C)771.38
D)733.23
E)649.58