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Aleena rents a suite and pays $1050 in monthly rent in advance. What is the cash value of the property if money is worth 11.9%

Aleena rents a suite and pays $1050 in monthly rent in advance. What is the cash value of the property if money is worth 11.9% compounded monthly?

The cash value of the property is $___. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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