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 (the table below may help you answer this question) Present Value Interest Factors Period 2% 4% 6% 8% 10% 12% 15% 20% 1 9804 96159434 9259 9091 89298696 8333 2 .9612 .9246 890 .8573 .8264 .7972 .7561 6944 3 9423 8 8396 7938 75137118 657S 5787 .9238 .8548 .7921 J3SO .6830 .63SS 5718 A823 5 9057 8319 7473 6806 6209 5674 4972 9 8880 .7903 .7050 .6302 .5645 SO66 A323 3349 .8706 .7599 6651 sa35 .5132 4523 3759 .2791 8 .8535 .7307 6274 S403 ,466S A039 3269 2326 8363 7026 59195002424136062843.1938 1.8203 .6756 5584 A632 .3855 .3220 2472 ,16s 11 8043 6496 526842893505 2875 2149 1346 12 788S .6246 A970 3971 .3186 2567 .1869 .1122 13 7730 6006 46883677 2897 22921625 0935 14 7579 5775 44233405 2633 2046 1413 0779 15 7430 5553 4173 3152 2394 1827 .1229 0649 16 .7284 5339 3936 2919 2176 .1631 1069 0541 17 .7142 5134 3714 2703 1978 1456 0929 0451 18 .7002 .4936 .3503 2502 .1799 .1300 .0808 .0376 19 6864 4746 3305 2317 1635 1161 0703 0313 20 .6730 .4564 .3118 .2145 .1486 .0037 .0611 .0261 Select one: o a. A. $60.104 o b. B. $57,933 O c. C. $58,106 o d. D. $59,274 O e. E. None of the above