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If you want to accumulate a sum of R120 000 over three years, how much money would you have to deposit at the end of

If you want to accumulate a sum of R120 000 over three years, how much money would you have to deposit at the end of each month into a fund that earns 12% per annum, compounded monthly? Round off to the nearest rand. (3 Marks) Answer: R Answer 1 Question 1 Note: Only enter the amount (do not show your calculation, and do not make use of spaces, full-stops, commas or R-signs). Example: 7400

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