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plz help fast 4. Mthethwa contracted the following loans from Mdletshe: a) On June 1, 1947, he borrowed R3000 which was to be repaid in
plz help fast
4. Mthethwa contracted the following loans from Mdletshe: a) On June 1, 1947, he borrowed R3000 which was to be repaid in 5 years with accumulated interest at 5% p.a. compounded semi -annually. b) On June 1, 1949, he signed a non - interest bearing note for R5000 due 6 years thereafter. Mthethwa failed to meet the first obligation and on a meeting with Mdletshe they agreed that both debts should be liquidated by a payment of R4000 on June 1, 1954, and a final payment on 1 June 1958. What should the final payment be if the agreed rate of interest in the settlement is 4% effective? A. R5804.03 B. R4165.70 C. R5045.00 D. R4017.75 E. R4060.77 Step by Step Solution
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