In August $2022,$ I was lucky enough to inherit R$2$ million from a loved one. I am currently in my early $40$s$,$ own my home and would like to consider early retirement. In working out how possible this is$,$ I have considered putting this money with Growth Mutual Bank in their $60-$month fixed deposit savings account with an annual nominal return of $9\%$ interest for money invested over the amount of R$100000.$

Therefore, my net taxable income will be:

$(2)$

A$.$ R$180000$

B$.$ R$23800$ be tax$-$exempt and then I$\text{'}$m taxed at $40\%.$

C$.$ R$180000$ R$23800=$ R$156200.$

D$.$ Interest earned after tax: R$93720+$ the R$23800$ exempt amount for a total of R$117520.$