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estion

John Smith has estimated that he will require R$25000$ in $2$ years time in order to be able to pay the deposit towards an overseas holiday. Beep bank is offering an interest rate of $2\%$ compounded $6$ times per year on a fixed deposit. How much would John have to invest today to achieve his investment goal.

Enter the different inputs below in presenting your answer.

$\backslash$table$[[$TVM$,],[$P$/$YR$,],[,],[$FV$,],[,],[$PV$,]]$