1. Charles Hess is saving for a new tractor. The cost is $75,000. How much must he invest at a 4% annual interest rate to have $75,000 in six years? Round to the nearest dollar.

A. $60,104

B. $57,933

C. $58,106

D. $59,274

E. None of the above

2. Karen is saving for a new car. The car cost 22,000. How much must Karen invest in a savings account that pays 4% annually to have the $22,000 in three years? Round to the nearest dollar.

A. $20,147

B. $19,107

C. $19,558

D. $19,328

E. None of the above

3. Ellen invested $5,000 in a savings account that paid 5% interest compounded annually. She kept the account for three years. At the end of the thee years, Ellen will have approximately

A. $6,103

B. $5,444

C. $5,414

D. $5,788

E. None of the above

4. Grayson is saving for a used car. He needs $14,000. How much must he invest at 3% interest rate to have $14,000 in two years. Round to the nearest dollar.

A. $12,983

B. $12,417

C. $13,720

D. $13,916

E. None of the above

5. Jesse Ellis invested $4,000 in a saving scoping that paid 6% interest compounded annually for six years. At the end of six years, Jesse will have approximately

A. $5,103

B. 5,674

C. $5,506

D. $4,903

E. None of the above