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George died on 2 November 2 0 2 3 . A life insurance policy paid out an amount of R 2 0 0 0 0

George died on 2 November 2023. A life insurance policy paid out an amount of R 2000000 as a death benefit. The beneficiary, his daughter, Constance who is 10 years old, will receive level monthly payments until the age of 18 years. The first payment is on 1 December 2023. The monthly payment that Constance will receive if interest is earned at 13% and the beneficiary is to receive payments for a period of 10 years, is:
R 33614.51
R 35281.34
R 33254.26
R 35643.82
None of the above

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