Question 2 Figure Q2 1994 Toyota Supra MK4 (source: Paultan) Today is January 1st 2020 (Year...

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Question 2 Figure Q2 1994 Toyota Supra MK4 (source: Paultan) Today is January 1st 2020 (Year 0), Mr. Saran decided to purchase a 1994 Toyota Supra MK4 on January 2030. The price for 1994 Toyota Supra MK4 in January 2020 is $500k without considering the road-tax. The price is expected to increase by 20% every year without taking into consideration the interest rate or/inflation. Determine the amount of which Mr. Saran needs to accumulate if he is planning to invest $100k every year in order to purchase the supercar with road-tax starting from the noted Year 0. The road-tax is 50% of the price of the supercar for the particular year. Will the amount accumulated be sufficient by the time he would want to make purchase? Please help Mr. Saran. He is having a depression in contemplating this matter. Take i = 10%. (10 marks) Question 2 Figure Q2 1994 Toyota Supra MK4 (source: Paultan) Today is January 1st 2020 (Year 0), Mr. Saran decided to purchase a 1994 Toyota Supra MK4 on January 2030. The price for 1994 Toyota Supra MK4 in January 2020 is $500k without considering the road-tax. The price is expected to increase by 20% every year without taking into consideration the interest rate or/inflation. Determine the amount of which Mr. Saran needs to accumulate if he is planning to invest $100k every year in order to purchase the supercar with road-tax starting from the noted Year 0. The road-tax is 50% of the price of the supercar for the particular year. Will the amount accumulated be sufficient by the time he would want to make purchase? Please help Mr. Saran. He is having a depression in contemplating this matter. Take i = 10%. (10 marks)