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You have imvesled in a commercial bulding that you are leasing to a national retail chain. The tenant has signed a 10-year lease agreement that

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You have imvesled in a commercial bulding that you are leasing to a national retail chain. The tenant has signed a 10-year lease agreement that cannot be canceled. You expect to colect $5, sco per month for the full ferm of the lease. Payments occur at the end of each month. What is the present value of this investment if the interest rate is 78% and compounded monthil? (Use the PY funcifon in Excel" to calculate the answer. Do not round any intermedate calculations. Round your final present value answer to the naarest whole dolar)

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