Marie Needs $26,000 as a Down Payment for a House

Multiple Choice

Marie needs $26,000 as a down payment for a house 4 years from now. She earns 5.25% on her savings. Marie can either deposit one lump sum today for this purpose or she can wait a year and deposit a lump sum. How much additional money must Marie deposit if she waits for one year rather than making the deposit today?

A) $878.98
B) $911.13
C) $1,112.36
D) $1,348.03
E) $1,420.18