Question 5 9 pts John and Daphne are saving for their daughter Ellen's college education. Ellen just turned 13 (att - 0), and she will be entering college 5 years from now (att - 5). College tuition and expenses at State U. are expected to be $50,000 per year for the entire 4 years that Ellen is in school, Ellen plans to graduate in 4 years. Tuition and expenses will be due at the beginning of each school year (at t = 5, 6, 7, and 8). So far, John and Daphne have accumulated $25,000 in their college savings account (at t = 0). Their plan for funding their daughter's education is to make 5 equal annual contributions to their investment account in each of the next 5 years, t = 1,2,3,4, and 5. They expect their investment account to earn 9%. How large must the annual contributions at t = 1, 2, 3, 4, and 5 be to cover Ellen's anticipated college costs? $20,639.33 $23,075.32 $26,983.89 $30,892.46 $35,312.95