Alexis want to buy a house in 5 years. She wants to save $75,000 over the next five years for a down payment. If she can earn an annual rate of 9% on her savings, how much must she deposit in equal payments at the end of each month for the next five years to reach her goal?

A) $1,250 B) $765.87 C) $994.38 D) $8,420.13

Alexis is ready to buy her house. She will purchase the $450,000 house with her $75,000 down payment and finance the rest with a 20 year, 6% annual rate mortgage with equal end of month payments. What will be her monthly payment?

A) $2,134.76 B) $3,223.94 C) $1,701.69 D) $2,686.62