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Sbusiso needs R150000 on 17 November 2022 to update his restaurant. On 8 January 2022 he deposited an amount into an account earning 13.45% interest

Sbusiso needs R150000 on 17 November 2022 to update his restaurant. On 8 January 2022 he 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 Sbusiso deposited on 8 January was?

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