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In order to buy an apartment unit. Meryl needs to spend a total of $550,000 today and equal monthly payments of $2500 for the next

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In order to buy an apartment unit. Meryl needs to spend a total of $550,000 today and equal monthly payments of $2500 for the next 31 years. How much should the apartment be worth at the end of this time period for this to be a protable investment? Assume an annual interest rate of 12% compounded monthly. 0 $32,213,736 0 $32,213,830 0 $32,213,525 0 $32,15?,164

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