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Barbara Katzman bought an income property for $ 2 7 comma 0 0 0 four years ago. She has held the property for the four

Barbara Katzman bought an income property for $ 27 comma 000 four years ago. She has held the property for the four years without renting it. If she rents the property out now, what should be the size of the monthly rent payment due in advance if money is worth 7% compounded annually?
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Part 1
The size of the monthly rent payment due should be $
enter your response here.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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