On 5 April Jojo invested R75 000 in an amount paying 8,37% interest per year, compounded monthly. Interest is credited on the 1st of every month. Jojo wants to buy a second hand car for her courier business in Pretoria CBD. She will move into her new premises on 21 November of the same year. If fractional compounding is used for the full term then Jojo will receive A. R79 020,29. B. R78439,73. C. R79 047,39. D. R78 896,69