Mercy needs R150 000 on 17 November 2021 to upgrade her deli. On 8 January 2021 she deposited an amount into an account earning 13,45% interest per year, compounded monthly, and being credited on the 1st of every month. If fractional compounding is used for the full term, then the amount that Mercy deposited on 8 January 2021 was

a.

R168 276,24.

b.

R168 230,00.

c.

R133 745,47.

d.

R133 708,72.