You are currently making R20 000 after tax. You realised of the R20 000 you only have R300 at the end of the month to save after all your other financial obligations. You are considering two different options. Option A: You can invest in the stock market where the value per share grows by an effective yearly rate of 10%. Option B: you can put your money into the bank at a nominal yearly rate of 8% iv) [2] You want to know the effect that compounding interest has on your bank account. So you want to find out what percentage of your monthly growth comes from interest compared to the R300 you add yourself. What interest do you thus earn in month 180 - or after 15 years (assume the effective monthly rate is 0.7% )? v) [3] If inflation is 5% over the 45 years, how much would the last month's increase be (both interest and the R300 deposit at the end) in today's value? You are currently making R20 000 after tax. You realised of the R20 000 you only have R300 at the end of the month to save after all your other financial obligations. You are considering two different options. Option A: You can invest in the stock market where the value per share grows by an effective yearly rate of 10%. Option B: you can put your money into the bank at a nominal yearly rate of 8% iv) [2] You want to know the effect that compounding interest has on your bank account. So you want to find out what percentage of your monthly growth comes from interest compared to the R300 you add yourself. What interest do you thus earn in month 180 - or after 15 years (assume the effective monthly rate is 0.7% )? v) [3] If inflation is 5% over the 45 years, how much would the last month's increase be (both interest and the R300 deposit at the end) in today's value