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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 9434 9259 9091 8929 8696 8333 2 .9612 .9246 8900 8573 .8264 ]972 ,561 ,6944 3 9423 8890 8396 7938 75137118 6575 5787 4 9238 8548 7921 7350 6830 6355 5718 A823 59057 .8319 J473 6806 6209 S674 A972 A019 6 8880 7903 J0s0 6302 5645 5066 4323 3349 7 8706 7599 6651 5835 5132 AS23 3759 2791 8 8535 7307 6274 5403 4665 A039 3269 2326 9 8363 7026 5919 S002 241 3606 2843 1938 10 8203 6756 SS84 A632 .3855 3220 2472 .1615 11 8043 6496 5268 A289 3505 2875 2149 1346 12 7885 6246 4970 397 3186 2567 1869 .1122 3 7730 6006 A688 3677 2897 2292 1625 0935 14 7579 575 4423 3405 2633 2046 1413 079 15 7430 S553 A173 3152 2394 1827 1229 0649 16 7284 5339 3936 2919 2176 1631 1069 0541 17 7142 5134 3714 2703 1978 146 0929 0451 18 7002 4936 3503 2502 1799 1300 08 0376 19 6864 .4746 3305 2317 .1635 .1161 .0703 .0313 20 6730 4564 311 2145 1486 003 0611 026 Select one: O a. A. $14.982 b. 8.$15.016 OC.C.$15,023 O d. D. $14.946 o e. E. None of the above