After an accident Clayton was awarded an amount from the Accident Fund as compensation for his injuries. He chose to receive R18 900 per month indefinitely. If money is worth 9,95% per year, compounded monthly, determine the amount awarded to the nearest rand.

[Answer format: Rd ddd ddd (R: rand; d: digit)]

[Example of an answer in the correct format: R1 234 567]

Ensure that your answer is typed in the correct format otherwise you will forfeit the mark!