27. Steve MacIntosh would like to have $20,000 in 5 years time to start his own business. The amount that MacIntosh would have to invest today, assuming an interest rate of 8% compounded quarterly, in order to reach his goal is: A) $13,612.00 B) $29,386.00 C) $79,854.00 D) $13,460.00 Answer: D Difficulty: Medium