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Geraldine receives R4 000 annually indefinitely after investing money, at 7% co...
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Geraldine receives R4 000 annually indefinitely after investing money, at 7% compound interest. What is the present value (PV) of the amount that she invested rounded to the nearest rand? Set your calculator to four decimal places and round your final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
(a) R 5 714
(b) R 5 142
(c) R 57 143
(d) R571 429
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