Bel-Air Country Club bought swimming equipment on a contract requiring monthly payments of $815.50 for 4 years beginning 19 months after the date of purchase. What was the cash value of the equipment if interest is 7.8% compounded monthly? Please do not solve with excel.

A. $34211.86

B. $30198.32

C.$29841.97

D.$28932.17

E. $28722.65

F. $32775.42

G.$30128.28

H.$28793.55

I. $29531.68

J. $30986.39

K. $33296.37

L. $37541.53

M. $35412.84