John Smith has estimated that he will require R$25000$ in $2$ years time in order to be able to pay the deposit towards an overseas holiday. Beep bank is offering an interest rate of $2\%$ added $1$ times per year on a fixed deposit. How much would John have to invest today to achieve his investment goal.

Enter the different inputs below in presenting your answer.

Completion instructions.

If applicable round to two decimal places for example R$4245\mathrm{.}567$ is written as $4245\mathrm{.}57.$ Do not use the rand symbol in your answer and do not enter a minus $(-).$

TVM

P$/$YR

Answer for part $1$

FV

Answer for part $2$

PV Answer for part $3$

I$/$YR

Answer for part $4$

N

Answer for part $5$