In one years time, you plan to invest a certain sum of money that will grow to R100 000 ten years after making the investment. If you can obtain a rate of return of 11% per annum, what is the present value of the investment today (rounded to the nearest Rand)?

a.

R31 728

b.

R35 600

c.

R30 000

d.

R35 218

e.

R33 500