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C. You plan on purchasing a retirement home in Houston, TX ten years from today. The home would cost $200,000 today and you feel this will increase 3% per year for the next 10 years. You know you will need 20% of the sales price at the time of purchase for a down payment so you would like to save on a monthly basis with the first payment going in one month from today and the last payment going in the month you purchase the home. Assume your money can earn 9% (compounded monthly) for the next ten years, what should these payments be so that you have enough ten years from now for the down payment?