You are preparing to buy a vacation home eight years from now. The home will cost $50,000 at that time. You plan on saving three deposits at an interest rate of 10%: Deposit 1: Deposit $10,000 today. Deposit 2: Deposit $12,000 two years from now. Deposit 3: Deposit $X five years from now. How much do you need to invest in year five to ensure that you have the necessary funds to buy the vacation home at the end of year eight?

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