Question 13 of 30 1.0 Points Johanna Smith invests R1 000 at 10% per annum with a bank for three years. Interest is paid at the end of each year and immediately reinvested. How much will the investment be worth at the end of the period? A. R2 333 B. R 1 300 C. R 2 000 D. R1 331 E. R1 874 Reset Selection Question 14 of 30 1.0 Points ________ is the amount earned on a deposit that has become the part of the principal at the end of a specified time period. A. Discount interest B. Compound interest C. Primary interest D. Future value Reset Selection Question 15 of 30 1.0 Points Mary will receive R12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of her royalty income if the opportunity cost is 12 percent? A. R120,000 B. R 67,800 C. R 38,640 D. R 72,560 Reset Selection