1. How much will you accumulate if you are offered R10,000.00 to invest for 12 years at an interest rate of 8%, interest compounded annually.

A. R25,100.70

B. R25,181.70

C. R26,000.00

D. R30,000.

2. To what amount will regular payments of R1,500 per month at the start of each month accumulate by the end of 2 years if the payments are earning interest monthly at 6% per annum?

A. R30,000

B. R38,891

C. R38,338.67

D. R38,798.67