John Lewis is saving for a new combine that costs $100.000. How many dollars should he set aside now to have $100.000 in 6 years assuming that money compounds at 6% annually? PretValue Interest Factors Period 296 496 8% 10 15 207 1 2 3 4 S 6 2 9 10 11 12 13 14 15 16 17 18 19 20 9801 9612 SM23 9238 9057 8880 8706 8535 8363 9203 .8043 .7885 7730 7579 7430 .7284 7142 .7002 6864 .6730 -9615 .9246 8890 8548 8319 .7903 .7599 7307 .7026 .6756 6496 .6246 .6006 5775 .5553 .5339 5134 4936 4746 4564 941 R900 B396 7921 7473 7050 5651 6274 5919 5584 5268 4970 A688 4423 4173 3936 3714 3503 3305 3118 9299 8573 7938 7350 6806 6302 5835 5403 5002 A632 4289 3971 3677 3405 3152 2919 2703 2502 2317 2145 9021 8264 .7513 6830 6209 .5645 5132 4665 4241 3855 3505 3186 .2897 2633 2394 2176 .1978 .1799 .1635 1486 129 1929 7972 7118 6355 5674 5066 4573 A039 3606 3220 2875 2567 2292 2046 .1827 1631 .1456 .1300 1161 0037 3696 7561 6575 5718 A972 A323 3759 3269 2843 2472 2149 .1869 1625 .1413 .1229 .1069 0929 DO 0703 4333 6944 5787 4823 A019 3349 2791 2326 .1938 .1615 1346 .1122 .0935 0779 0649 ,0541 0451 0376 0313 0261 0611 Select one: a. 70,000 b. 70,500 5.70.800 d. 70.900