Questions 4 and 5 are based on the following situation: Four years ago Betty borrowed R120 000 from Obakeng at 12,65% interest per year, compounded quarterly, due two years from now. Six months ago she also borrowed R65 000 from Obakeng at 15,2% interest per year compounded monthly, due two years from now.

Question 4 After seeing what she owes Obakeng two years from now, Betty decides to reschedule the debt. She will pay Obakeng R85 000 now and the rest five years from now. Obakeng agrees on condition that the new agreement will run from now, and will be subject to 13,7% interest per year, compounded half yearly. The amount that Betty will pay Obakeng five years from now is

[1] R353 240,95.

[2] R193 974,78.

[3] R519 042,89.

[4] R164 878,56.

[5] R354 164,33.

Question 5 The amount that Betty must pay Obakeng two years from now is

[1] R185 000,00.

[2] R285 408,03.

[3] R341 265,67.

[4] R385 752,04.

[5] R348 163,14.