3Dan has just retired. He wants to set aside a lump sum amount that will enable him to buy a new car in 5 years’ time. The current cost of the car is R500 000. The cost of the car will increase by 6.5% per annum and the amount that he invests will grow at 8.5% per annum. The amount that he must invest today to be able to buy the car in 5 years’ time, is: