CA Jackson Figure Q1(b) 1994 Toyota Supra MK4 (source: Paultan) b. Today is January 15 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% in taking consideration for the compounded interest rate. Determine the amount of which Mr. Saran needs to accumulate if he is planning to invest $100k once 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. Take i = 10%. (10 mark)