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Four years ago Ballot borrowed R120 000 from Duncan at 12,65% interest per year, compounded quarterly, due two years from now. Six months ago she
Four years ago Ballot borrowed R120 000 from Duncan at 12,65\% interest per year, compounded quarterly, due two years from now. Six months ago she also borrowed R65 000 from Duncan at 15,2% interest per year compounded monthly, due two years from now. After seeing what she owes Duncan two years from now, Ballot decides to reschedule the debt. She will pay Duncan R85 000 now and the rest five years from now. Obakeng agrees on condition that the new agreement will run from now, and will be subject to 13,7% interest per year, compounded half yearly. The amount that Ballot will pay Duncan five years from now is A. R164 878,56. B. R353 240,95. C. R354 164,33. D. R519 042,89
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