5. A major savings event for many people is saving for a downpayment on a car. Assurning most new cars these days cost around $40,000, and most financing options ask for a 20% downpayment: a. How much will you need to save for a 20% downpayment on a $40,000car ? to reach your savings goal if your account orers 4% How much of the balance after 3 years is interest? c. If you have 3 years to save, how much would you need to deposit each month in order to reach your savings goal if your account offers 4% APR? How much of the balance after 3 years is interest? d. Provide an argument in favor of part b, and in favor of part c. Be sure to use what you calculated in your argument! Which option would you choose