Question 1115038
this is a present value question.
2000{[1-(1+(0.18/4))^-(4*10)]/(0.18/4)}
= 2000[((1-(1.045)^-40)/0.045]
= 2000((1-0.1719)/0.045)
= 2000(18.40)
= 36800
lerato can borrow 36800 from a bank