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What single amount can be invested on 01/06/2020, instead of R1194 at the beginn...

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What single amount can be invested on 01/06/2020, instead of R1194 at the beginning of every 2-month period, for exactly 2 years (the first investment is made on 01/06/2020), if interest is earned at a rate of 13.255% per year? (Give your answer rounded to 2 decimal places. If you think the answer is R1012.3456, type in 1012.35)

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Watter enkele bedrag kan belê word op 01/06/2020, in plaas van R1194 aan die begin van elke 2-maand periode, vir presies 2 jaar (die eerste belegging word gemaak op 01/06/2020), indien rente verdien word teen 'n koers van 13.255% per jaar? (Gee jou antwoord afgerond tot 2 desimale syfers. As jy dink die antwoord is R1012.3456, tik in 1012.35)

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