Aleena rents a suite and pays $1120 in monthly rent in advance. What is the cash value of the property if money is worth 7.9% compounded monthly?

Answer: The cash value of the property is $171,246.58 . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

NOTE*: i would like to know how to get to that answer through a financial calculator in BGN MODE. If it is not possible to calculate through financial calculator then formulas are okay too! (simple annuity)