Bill and Cathy will be retiring in fifteen years and would like to buy an Italian villa. The villa costs $500,000 today, and housing prices in Italy are expected to increase by 6% per year. Bill and Cathy wants to deposit one lump sum amount today. IF their account earns 10% per year, what is the amount of this deposit? O $119,696 O $286,858 $487,525 $372,623 O O > A Moving to another question will save this response Question 20 of 25 >>>