A company is planning to invest in a major project in 4 years’ time and the company is generating net cash flow of R30m

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A company is planning to invest in a major project in 4 years’
time and the company is generating net cash flow of R30m per
quarter at the end of each quarter and is able to invest this cash
flow into an account to earn an interest rate of 1.8% per quarter,
but interest will be compounded monthly. What is the future value
of the quarterly investments at the end of four years, if the first
quarterly investment occurs in three months’ time?
Select one:
a.
A. R571.03m
b.
A. R502.22m
c.
A. R551.04m
d.
A. R505.23m
e.
A. R561.02m