p.a., compounded monthly. The deposit will be made at the end of each month. Eric calculates that if he makes 48 deposits of R1 402,31, starting at the end of January 2024, he will have enough money to go on holiday. He will make his deposits into a savings account at the end of each month. The savings account pays interest at 8,6% p.a., compounded monthly. Calculate the difference between the total amount that Eric and Thandi will deposit into their respective savings accounts over the given period.