Your parents have saved funds in an education account during your life that now total $50,000 as you enter your senior year of high school. The account earns 5% interest annually. Assume annual compounding. Suppose your parents plan to give you the entire account in 4 equal payments over the next 4 years and will make the first payment as you enter your freshman year. How much will they pay each year? Round to the nearest dollar but do not include the $ sign in your answer