After seeing what he must pay Martha, Jake decides to reschedule his debt as two equal payments: one

payment now and one three years from now. Martha agrees on condition that the new agreement, that will

run from now, will be subjected to 10,67% interest, compounded quarterly. The amount that Jake will pay

Martha three years from now is

[1] R21 171,35.

[2] R22 286,88.

[3] R25 103,93.

[4] R32 500,00.

[5] none of the above