Karen Peters bought their neighbor's farm for $400 000.00 down and payments of $57 100.00 at the end of every six months for 7 years. What is the purchase price of the farm if the semi-annual payments are deferred for four years and interest is 5.5% compounded semi-annually?

Select one:

a. $ 1255 990.53

b. $ 942 652.05

c. $ 928 128.51

d. $ 921 124.22

e. $ 1477 883.33