Sibu is getting married four years from now. He can set aside R15 000 today towards the planned honeymoon in Mauritius. If the annual interest rate on his savings account is 8 percent (8%) per annum compounded monthly, how much can Sibu spend on the honeymoon four years from now (Round off to the nearest R1)?

(a) R20 407

(b) R19 054

(c) R15 404

(d) R11 809

(e) None of the above