A businessman wants to repaint his building in 4 years' time at a cost of R400 000. How much will the man have to invest monthly in a sinking fund in order for him to realise the R400 000 required if he can invest his money at 12% per annum? R 2 points QUESTION 4 1. Use the following information to answer the next three questions. A township developer buys a tract of farm land on which a township is in a process of being established. There are 100 erven in the proposed township. The estimated expenses in respect of the development are as follows: End of Year 1: R5 000 000 End of Year 2: R 2 000 000 The developer estimates that he will sell the erven as follows: During Year 3: 50 erven During Year 4: 25 erven During Year 5: 25 erven