Question: A real estate developer bought land for $170 000.00 down and monthly payments of $8 450.00 for 5 years. What is the equivalent cash price

A real estate developer bought land for $170 000.00 down and monthly payments of $8 450.00 for 5 years. What is the equivalent cash price if money is worth 8.75% compounded semi-annually?

Answer is 580,948.84 but I need the solution without using a financial calculator. Manual solutions please.

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