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Your mother wants to save money to build up a nest egg for unforeseen expenses...
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Your mother wants to save money to build up a nest egg for unforeseen expenses. She will invest her Christmas bonus of R6 000, that she receives from her employer, at the beginning of each year. Her investment will earn interest at a rate of 6% compounded annually. Set your calculator to four decimal places for calculations and round the final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
(a) R33 823
(b) R41 800
(c) R35 852
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