<PRE><B>Question 1196378</B>
**1. Calculate Quarterly Deposits:**

* Monthly Savings: R2 480.00
* Quarterly Savings: R2 480.00/month * 3 months/quarter = R7 440.00

**2. Calculate the Number of Quarters:**

* 10 years * 4 quarters/year = 40 quarters

**3. Calculate the Quarterly Interest Rate:**

* Annual Interest Rate: 11%
* Quarterly Interest Rate: 11% / 4 = 2.75%

**4. Calculate the Future Value of the Annuity**

* Use the formula for the future value of an ordinary annuity:

   * **FV = P * [(1 + r)^n - 1] / r** 
      * where:
         * FV = Future Value
         * P = Quarterly Payment (R7 440.00)
         * r = Quarterly Interest Rate (0.0275)
         * n = Number of Quarters (40)

* **Calculate:** 
   * FV = R7 440.00 * [(1 + 0.0275)^40 - 1] / 0.0275
   * FV = R7 440.00 * [2.9050 - 1] / 0.0275 
   * FV = R7 440.00 * 69.2727 
   * FV = R514 664.79

**Therefore, the amount available to Jonathan after ten years in his retirement account is approximately R514 664.79.**
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