A condominium unit can be bought at a down payment of P150,000 and a monthly payment of P23,347 for 10 years starting at the end of 5th year from the data of purchase. If money is worth 3% compounded...

A condominium unit can be bought at a down payment of P150,000 and a monthly payment of P23,347 for 10 years starting at the end of 5th year from the data of purchase. If money is worth 3% compounded monthly, what is the cash price of the condominium unit?

Solve and explain!