Question 15 The following table represents the cash inflows for the Tunkle Toes Boutique for nine years: Year Cash inflow (R) 3 45 000 6 90 000 9 115 000 The applicable interest rate, at which money can be invested is 11,59% per year. The present value of the cash outflows is R95000. The MIRR (modified internal rate of return) is [1] 14,72% [2] 21,25% [3] 31,90% [438,06%. [5] 41,91% Question 16 Two months ago, Michael deposited R9000 into a savings account at a simple interest rate of 11,5% per year. He also deposited R5 000 six months ago into another savings account earning 8% per year compounded half-yearly. The total amount of Michael's savings in three years' time from now is [1] R17 729,32 [2] R18 857,16. [3] R18 891,66. [4R19330,00 (5) none of the above. Question 17 Sharon opened an investment account in which she deposited R9 000,00. After three months her car broke down and she had to withdraw R2 320 from the investment account for repairs. The account pays 10% interest per annum, compounded quarterly. The amount of money she will have left in the account after three months (one quarter), is [1] R6905,00 [2] R9 225,00 [3] R6 509,00 [4] R7 259,50