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Question 1 Not yet saved Marked out of 1.00 Flag question A real estate developer offers to sell you some prime real estate for

Question 1 Not yet saved Marked out of 1.00 Flag question A real estate developer offers to sell you some prime real estate for $584,000 today. You agree to pay $224,000 in exactly 6 months and the remaining balance in exactly 22 months from today when you expect to receive some cash from a different investment. How much will you need to pay the developer in 22 months if the interest rate is 13.5% per annum compounding monthly (rounded to the nearest dollar; don't show $ sign or commas)? Answer:

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