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You want to have $40,000 in cash to buy a Tesla Model 3, $37,900 electric car 4 years from today. You assume that 2025 model

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You want to have $40,000 in cash to buy a Tesla Model 3, $37,900 electric car 4 years from today. You assume that 2025 model will have the same price. You expect to earn 0.2 percent, compounded monthly, on your savings. How much do you need to deposit today if this is the only money you save for this purpose? Hint: Use Excel: PV More images 2021 Tesla Model 3 Luxury vehicle 7.5/10 Car and Driver MSRP: From $37.990

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