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Faith needs R150 000 on 17 November 2025 to upgrade her bakery. On 8 January 202...

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Faith needs R150 000 on 17 November 2025 to upgrade her bakery. On 8 January 2025 she deposited an amount into an account earning 13,45% interest per year, compounded monthly, and being credited on the first of every month. If fractional compounding is used for the full term, then the amount that Faith deposited on 8 January 2025 was

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