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Richard King is saving for a new car that costs $40,000. How many dollars should he set aside now to have $40,000 in 6 years assuming money compounds at 4% annually? Present Value Interest Factors Period 2% 4% 6% 8% 10% 12% 15% 20% .9804 .96 15 3434 9259 .9091 .929 B696 a3JJ 2 .9612 .9246.8900 573 .8264 ,972 ,561 A944 9423 8890 8396 7938 7513 118 6575 5787 9238 8548 7921 3350 6830 6355 5718 A82 .9057 319 ,473 6806 .6209 S674 A972 A019 8880 .7903 J050 6302 5645 5066 A323 3349 8706 7599 6651 5835 5132 A523 3759 279 8535 7307 6274 5403 4665 4039 3269 232 9 8363 7026 5919 5002 4241 3606 2843 1938 10 8203 6756 5584 4632 3855 3220 2472 1615 11 043 6496 5268 A289 .3505 2875 2149 .1346 12 788S 246 4970 3971 3186 2567 1869 1122 3 7730 6006 4688 3677 2897 229216250935 14 7579 5775 4423 3405 2633 2046 1413 0779 5 7430 5553 4173 3152 2394 1827 12290649 16 7284 5339 3936 2919 2176 1631 1069 054 17 7142 5134 3714 2703 1978 1456 0929 0451 8 7002 4936 3503 2502 1799 1300 08080376 19 6864 ,4746 JJOS 17 .1635 .1161 D703 .0313 20 6730 ,4SS4 J118 4S .1486 D037 D611 ,0261 Select one: Oa. 31.612 o b. 32.612 O c. 33.612 o d. 34.612 033