Question: Grayson is saving for a used car. He needs $14,000. How much he invest at 4% annual interest rate to have $14,000 in two years?

Grayson is saving for a used car. He needs $14,000. How much he invest at 4% annual interest rate to have $14,000 in two years? Round to the nearest dollar

a. $12,983

b. $12,417

c. $13,720

d. $12,944

e. None of the above

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