School fees at a certain school are due at the beginning of the year. The fees are set at R13000 for the year in 2019 and will increase each year at a rate of 9,5% p.a. In order to fund all twelve years of a child's schooling at this school, an amount of R _______ (rounded to the nearest cent) must be deposited into an account that earns interest at a rate of 8,4% p.a. compounded monthly, at the beginning of 2018.