13 of 30

1.0 PointsJohanna Smith invests R1 000 at 10% per annum with a bank for three years. Interest is paid at the end of each year and immediately reinvested. How much will the investment be worth at the end of the period?A.R2 333

B.R 1 300

C.R 2 000

D.R1 331

E.R1 874

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Question 14 of 30

1.0 Points________ is the amount earned on a deposit that has become the part of the principal at the end of a specified time period.A.Discount interest

B.Compound interest

C.Primary interest

D.Future value

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Question 15 of 30

1.0 PointsMary will receive R12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of her royalty income if the opportunity cost is 12 percent?A.R120,000

B.R 67,800

C.R 38,640

D.R 72,560

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