YOU ARE SAVING MONEY TO BUY A HOUSE IN TEN YEARS. YOU WILL NEED $5...

19. You are saving money to buy a house in ten years. You will need $50,000 to make the down payment at that time. Due to some other financial commitments you won't be able to deposit any money in Years 4 and 5 towards this down payment. How much equal amounts must you deposit in a savings account at the end of each year (other than Years 4 and 5) in order to save up $50,000 if the savings account pays interest at 8 percent per year compounded annually? A) $4,374.28 B) $4,115.45 C) $3,710.47 D) $3,125.54