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Charles Hess is saving for a new tractor. The cost is $75,000. How much he invest at a 4% annual interest rate to have $75,000

Charles Hess is saving for a new tractor. The cost is $75,000. How much 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. $59,273

e. None of the above

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