Determine the value of the cash price of an item if financed as follows: a down payment of 20% of the cash value, three payments of $2,420,000, $2,640,000, $3,100,000 at ten, fourteen and twenty months respectively, and a last payment in two years equivalent to 18% of the cash price. Interest rate: 22.6% TV for the first year and 21% EA for the second year. The theme being worked on is annuities. Make it step by step and understandable.