Robert bought a photocopying machine on an installment basis with 15, 103 downpayment and 84 monthly payments of 2, 137, the first due at the end of 1 year and 6 months. How much is the equivalent...

Robert bought a photocopying machine on an installment basis with 15, 103 downpayment and 84 monthly payments of 2, 137, the first due at the end of 1 year and 6 months. How much is the equivalent cash price if the interest is compounded monthly at 7.9%? Compute using the given interest rate and compounding period.