To pay off the loan, Bill makes quarterly deposits of $P at the end of every quarter in a savings account, paying a nominal annual interest rate of 3.2%. He makes his first deposit at the end of the first quarter after taking out the loan. (b) Show that the total value of Bill's savings after 10 years is P 1.00840 - 1.008 - 1 [3] (c) Given that Bill's aim is to own the electric car after 10 years, find the value for P to the nearest dollar. [3]