Math Question Monday

From the SAT Math Section:

Jessica subscribed to four magazines that cost $15.00, $18.00, $13.50 and $20.95 per year, respectively. If she made an initial payment of one-half of the total yearly subscription cost, and paid the rest in four equal monthly payments, how much was each of the four monthly payments?

A. $8.43

B. $9.20

C. $9.45

D. $16.86

E. $33.73

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Post your answer here, in my test prep forum!