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In order to buy an apartment unit, Meryl needs to spend a total of $650,000 today and equal monthly payments of $2500 for the next

In order to buy an apartment unit, Meryl needs to spend a total of $650,000 today and equal monthly payments of $2500 for the next 33 years. How much should the apartment be worth at the end of this time period for this to be a profitable investment? Assume an annual interest rate of 14% compounded monthly.

a) $85,190,822

b) $85,788,822

c) $84,788,163

d) $86,788,163

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