You are purchasing a house 12 years from now. The estimated purchase price is $171,600.00. You want to make a 20% down payment. You are trying to determine how much to save per month to reach your goal. If closing costs are 8.7%, how much additional money do you need to save per month to cover the additional expense?

A. $125.03

B. $103.68

C. $105.29

D. $85.14

You save $8,500.00. Your original plan was to place 40% in a savings account earning a 4.2% APR compounded annually and the rest in a stock plan that decreases 3% in the first year and increases 7.5% in the second year. If you had invested 60% in the savings account and the rest in the stock plan, what is the difference in the total gain compared to the original plan?

	$73.12
	$81.91
	$85.25
	$75.99

Your friend wants to pay off his credit card with a balance of $880.00 and an interest rate of 16.65% APR by getting a loan from you. You agree to the loan, but insist your friend pay you interest of 3.25% APR. Your friend agrees. How much interest does your friend save at the end of the first month by paying you instead of the credit card?

	$9.83
	$19.78
	$12.55
	$11.12