You want to buy an Audi Q3 on your 26th birthday. You have priced these cars and found that they currently sell for $40,400. You believe that the price of this model will increase by 3% per year until you are ready to buy. You can presently invest to earn 6.5% annually. If you have just turned 20 years old, how much must you invest per year to be able to purchase the car in cash in 6 years?