Bill and Cathy will be retiring in fifteen years and would like to buy an Italian villa. The villa costs $500,000 foday, and housing prices in Italy are expected to increase by 6% ser year. Bill and Cathy wants to deposit one lump sumamount today. If their account earns 10% per year, what is the arrount of this deposit? $372,623 $487,525 $286,858 $119,696