Nina borrowed money on 31 August and agreed to pay back the loan on 2 November of the same year. If the discount rate is 18% per year and she received R5 000 on 31 August, what is the value of the loan that Nina has to pay the bank on 2 November? 1.     R5 155,34 2.     R4 844,66 3.     R5 160,32 4.     R5 000,00 5.     None of the above

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