Question: A real estate developer bought land for 170 000.00 down and monthly payments of 10450.00 for 5 years. What is the equivalent cash price if

A real estate developer bought land for 170 000.00 down and monthly payments of 10450.00 for 5 years.

What is the equivalent cash price if money is worth 7.75% compounded semi-annually?

Answer: 689,933.24 | NEED METHOD

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