MC algo $4-15$ Calculating Present Values

You need to have $$20,000$ for a down payment on a house in $6$ years. If you can earn an annual interest rate of $4\mathrm{.}2$ percent, how much will you have to

deposit today?

Multiple Choice

$$15,182\mathrm{.}73$

$$14,924\mathrm{.}31$

$$15,625\mathrm{.}13$

$$12,719\mathrm{.}94$

$$14,995\mathrm{.}33$