Apply the formula M=(P⋅(r)/(12)⋅(1+(r)/(12))^12⁢t)/((1+(r)/(12))^12⁢t−1) to find the monthly repayment for a loan amount of $⁢25,000 at an annual interest rate of 8% for a period of 20 years.

Use the monthly interest rate 0.08 ÷ 12 ≈ 0.006667 and the total number of monthly payments, 20 × 12 = 240. Substituting these values and P = $25,000 into the formula gives a monthly repayment of about $209. The correct choice is $209.00.

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