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. (the table below may help you answer this question) Present Value Interest Factors Period 2% 4% 6% 8% 10% 12% 15% 20% 1 9804 9615 94349259 9091 8929 8696 8333 2 9612 9246 890085738264 7972 7561 6944 3 9423 8890 8396 7938 7513 7118 6575 5787 4 .9238 .8548.7921 350 .6830.6355 .5718 A823 5 9057 8319 74736806 6209 5674 4972 A019 6 8880 7903 7050 6302 5645 5066 A323 3349 7 8706 7599 6651 5835 5132 A523 37592791 8 8535 7307 62745403 4665 4039 3269 2326 9 8363 7026 5919 5002 4241 3606 2843 1938 10 8203 6756 5584 A632 3855 3220 2472 1615 11 8043 496 5268 A289 3505 2875 2149 1346 12 .7885 .6246 A970 .3971 .3186 2567 .1869 .1122 13 7730 6006 4688 3677 28972292 1625 093 14 579 .5775 4423 .3405 .2633 .2046 .1413 .0779 15 7430 5553 4173 3152 2394 1827 12290649 16 .7284 5339.3936 2919 ,2176 ,1631 ,1069 .0541 17 7142 5134 3714 2703 1978 1456 0929 0451 18 7002 4936 3503 2502 1799 1300 0808 0376 19 6864 4746 3305 2317 635 0703 0313 20 6730 4564 3118 2145 1486 00370611 0261 Select one: O a. A, $14,982 o b. B. $15,016 O c. C. $15,023 o d. D. $14,946 O e. E. None of the above