A house and lot can be acquired by a down payment of P495,218 and a yearly payment of P120,291 at the end of each year for a period of 18 years. If money is worth 7% compounded annually, what is the cash price (in peso) of the property?

A house and lot can be acquired by a down payment of P495,218 and a yearly payment of P120,291 at the end of each year for a period of 18 years. If money is worth 7% compounded annually, what is the cash price (in peso) of the property