A ski chalet in Aspen now costs $250 000. Inflation is expected to cause this price to increase at 5% per year over the next 10 years before Barbara and Phil retire from successful investment banking careers. Approximately how large an equal annual end-of-year deposit must be made into an account over the next 10 years paying an annual rate of interest of 13% per annum, in order to buy the ski chalet upon retirement? Round your final answer to the nearest $10.

Group of answer choices

$22 109

$25 005

$13 572

$8 333

$26 004

$19 565