QUESTION 3 (15 Marks) PART A ( 6 Marks) Define the following concepts and explain the fundamental differences: a) Peer-to-peer lending (2) b) Stokvel (2) c) Crowdfunding PART B (9 Marks) Mr. Tsodilo is a small farmer producing cotton and peanuts on his farm in the North West province. He needed a harvesting machine at a cost price of R1.5 million. The Land Bank gave him a loan, bonded against his farm at an interest rate of 8% per annum compounded quarterly. Mr. Tsodilo agreed to pay off the loan in equal quarterly instalments over a period of 12 years. As a result of severe drought, at the end of five years, he requested relief. The Land Bank agreed to reduce the interest rate to 4% per annum. REQUIRED a) Calculate by how much the quarterly repayments will be reduced. (6) b) Briefly discuss what implication the Covid-19 restrictions on the selling of wine have on the wine farming industry. (3)