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Aleena rents a suite and pays $1110 in monthly rent in advance. What is the cash value of the property if money is worth 4.9%

Aleena rents a suite and pays

$1110

in monthly rent in advance. What is the cash value of the property if money is worth

4.9%

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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