Your friend has just recently graduated from college and started her first career job. Her position pays her a salary and an annual bonus at the end of the year. She is interested in buying a house in five years from now. The estimated cost of the type of house she would like to buy in five years from now is $750,000. She would like to have a 20% down payment to avoid the CMHC insurance costs the bank requires for down payments of less than 20%. She wants to know how much she would need to save yearly from her bonus to save the 20% down payment. She currently has $15,000 in her savings account allocated to the down payment. The current rate of return she is yielding in her high interest savings account is 5%. Instructions a) Calculate the yearly amount your friend must put into her savings account to reach her goal of a 20% down payment in 5 years using PV tables and assuming payments are made at the end of the period (round answer to the nearest dollar). b) Your friend is seriously contemplating using all her savings for a vacation, since she believes that she would only need to save an additional $1,000 per year to replace her $5,000. Explain to her why this is not correct. Support your answer with calculations. (Round to the nearest dollar)