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Mbalenhle agreed to settle a debt by making 12 quarterly payments of R300 each. If she failed to make the first 3 payments, what payment

Mbalenhle agreed to settle a debt by making 12 quarterly payments of R300 each. If she failed to make the first 3 payments, what payment when the next is due will bring her up-to-date with her payments, if money is worth 8% p.a. compounded quarterly? A. R936.48 B. R918.12 C. R1200 D. None of these E. R1236.48

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