Jeff and Teara Washington have just financed a home and make annual payments of $19,515.43. If the mortgage has a stated interest rate of 5%, and will be paid off in 30 years, how much did the Washingtons pay for their new home if the bank financed 100% of the funds needed to make the purchase?

A: 300,000

B: 549,276.08

C: 153,724.51

D: Not enough info.

E: None of these

Jennifers Jellies, Inc. recently purchased a building for $800,000. To finance the building, the firm obtained a mortgage in the full amount of $800,000. If the mortgage is to be paid off in 25 years and has a stated interest rate of 12%, how much are the firms monthly payments?

A: 102,000

B: 8,425.80

C: 6,000

D: Not enough info

E: None of these