3.3 See Ltd factors all its accounts receivables. The factoring agreement they have concluded is that a 30% reserve is held and a 10% commission is charged on the book value of the account. Further interest is charged at 5% per month (60% per annum) on advances. See wants to factor an account of R30 000 that falls due in 30 days. What is the advance that See Ltd will receive? (5)