Answer to Question #303321 in Financial Math for Ndi

Question #303321

Sibusiso needs150,000 on 17 November 2022 to upgrade his restaurant. on 8 January 2022 he deposited an amount into a car account earnings 13.45% interest per year,compounded monthly, and being credited on the 1st of every month. if fractional compounding is used for the full term ,then the amount that Sibusiso deposited on 8 January was

1.133745.47

2. 168276.24

3. 168230.00

4. 133708.72

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