Hi

I do DSC1630 Financial Maths. Could someone assist me in answering the below question:

The Gliding Fund must pay Weaver R18 000 every three months indefinitely as compensation. Money is worth 11,4% per year, compounded quarterly. Question 6 The opening balance of this fund is approximately [1] R157 895. [2] R474 536. [3] R631 579. [4] R1 105 351. [5] none of the above.