Zande is getting married 16 months from now and estimates that she will need R45 000 then for new clothes for her honeymoon. She starts to save immediately by depositing R2 200 every month for 16 months into an account earning 15,4% interest per year, compounded monthly. The amount, in rands, that she still needs when she gets married is denoted by 111 X = 45000 - (1 + 1)2 2008 T10, 15412 121 X = 45000 - (1 + i)2200 T0,154:12 31 X = 45000 - 22008T060.15-12- 14 X = 45000 - 22000154,151+12