You want to save enough money for a down payment of $20,000 to purchase a home in 5 years if your bank pay 6 % annual interest compounded monthly how much do you need to deposit at the end of each month starting at the end of the current month to accumulate 20,000 at the end of the 5 years?

1. 149.90
2. 166.60
3. 266.60
4. 333.28
5. 350.81