Barbara Katzman bought an income property for $27,000 two years ago. She has held the property for the two 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 11% compounded semi-annually?

The size of the monthly rent payment due should be $....

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)