In order to buy an apartment unit, Meryl needs to spend a total of $350,000 today and equal monthly payments of $2500 for the next 27 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 8% compounded monthly. Group of answer choices $5,866,672 $6,797,824 $5,777,824 $4,777,672

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