Question: Tesla's Model 3 is currently priced at $ 3 5 , 0 0 0 . The price is expected to rise by 3 % a

Tesla's Model 3 is currently priced at $35,000. The price is
expected to rise by 3% a year. If your local bank offers 10%
interest on your deposit, how much do you need to put aside today
to buy the car 5 years (n=5) from now?A. $40,574.6 B. $25,193.6 C. $29,367.8 D. $35,000

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