Three years ago Thokozile borrowed R7 500 from Alfred. The condition was that she would pay him back in seven years time at an interest rate of 11,21% per year, compounded semi-annually. Six months ago she also borrowed R25 000 from Alfred at 9,45% per year, compounded monthly. Thokozile would like to pay off her debt four years from now. Question 9

The amount of money that Thokozile will have to pay Alfred four years from now is

[1] R36 607,98.

[2] R45 181,81.

[3] R55 336,49.

[4] R48 032,20.

[5] R54 278,92.