Your company is planning to borrow R500 000 on a 5-year, 7%, annual payment, fully amortized term loan. What is the amount of the payment made at the end of the second year will represent repayment of principal? (3)

4. The present value (t = 0) of the following cash flow stream is R11 958.20 when discounted at 12% annually. What is the value of the missing t = 2 cash flow? (3) 0 12% 1 2 3 4 | | | | | PV = R11 958.20 R2 000 R? R4 000 R4 000