1.0 A mining company wants to borrow money for a R5 000000 capital investment. You have contacted the banks to find out the most favorable repayment structure. Three banks have offered the following repayments structure. 1. Bank A: 59 monthly payments of R100 000 and a final payment of R1 100000 . 2. Bank B: Three periodic payments of R2 150000 . 3. Bank C: You only repay the interest of R50 000 per month for 48 months and then at the end (after 4 years) you also repay the R5 000000. Which is the best option and by how much money, if money is worth 10% per year compounded monthly? (15) 1.2 R5 000 is to repaid at 10% compounded semi- annually over 2 years. Determine the re-payments using the amortization re-payment schedule for the given period