Question: Bart is saving for college. He needs $20,000 for the first year. How much must he invest at a 6% annual interest rate to have

Bart is saving for college. He needs $20,000 for the first year. How much must he invest at a 6% annual interest rate to have $20,000 in five years? Round to the nearest dollar

a. $14,982

b. $15,016

c. $15,023

d. $14,946

e. None of the above

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