42. John Jones is saving money to buy a new car. The car John wants currently costs $20,000 and the price is expected to increase by 3 percent per year over the next several years. John would like to have enough money saved to pay cash for the car in four years. John was recently informed that, two years from today, he will receive $10,000 from his uncle's estate. He plans to use the money to help buy the car. If John can earn 10 percent on his investments, how much must he deposit today to ensure that he has enough to buy the car? Note that the $10,000 received two years from today will also be deposited in the same account. $7,110