24. Your parents are planning to save $25,000 to buy a new house three years from now. The plan is to set aside an equal amount of money on the first day of each year starting today. Their savings can earn an effective annual rate of return of 4.7 percent. How much do your parents have to set aside each year to achieve their goal? A) $8,333.33 B) $8,141.41 C) $7,689.62 D) $7,596.61 E) $7,800.47