You are going to make a $50,000 down payment on the $250,000 condo you want to buy but are not sure you can afford the monthly payment. If the bank will give you a mortgage at 4.5% annually, compounded monthly, what would be your monthly payment if you had a 20 year mortgage; a 30 year mortgage?

A. $1,265.30; $1,013.37

B. $1,581.62; $1,266.71

C. $833.33; $555.56

D. $1,041.67; $694.44

E. $9,000.22; $9000.00