2000 Pascal Problem 4

If the following sequence of five arrows repeats itself continuously, what arrow would be in the 48th position?

\rightarrow, \quad \nearrow, \quad \searrow, \quad \leftarrow, \quad \downarrow

\textbf{(A)}\ \rightarrow\quad \textbf{(B)}\ \nearrow\quad \textbf{(C)}\ \searrow\quad \textbf{(D)}\ \leftarrow\quad \textbf{(E)}\ \downarrow

If there are no answer choices shown, enter a numerical answer.

Full credit to this problem is given to the CEMC, you may view all Pascal contests here.