Q2 Ahmad is planning to open up his contractor firm in 10 years' time. Based on this year's research, he needs a total of RM 75,000 to start the firm and the amount would increase each year at 8% interest rate. He does not plan to apply for any loan but to use his own money. For the time being, he is working with a private company as a technician and he planned to save some of his monthly salary to fulfill his dream. (a) Calculate the cost of Ahmad's new firm after ten years. (7marks) (b) Ahmad is planning to put his saving for the firm into Tabung Haji. He had signed up for an account where he would earn 6% interest compounded two times per year for each amount he saved. Calculate how much he should save each year for the next 10 years to ensure he has enough money to start his firm. (7 marks) If Ahmad's monthly income is RM 750 per month and remain the same for 10 years. Explain whether his plan to have his own contractor firm would become reality. (6 marks)