Edmonton Pizza borrowed money to redesign their restaurants. Payments of $720 would be made at the beginning of each month for four years, starting in six months. Interest on the loan is 7.53% compounded semi-annually.

(b) What will be the amount of the total payments?

(b) The amount of the total payments will be $ .

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)