Question: please show step by step solution and formula and not excel solution if possible. thank you! Zachary was receiving rental payments of $2,000 at the

please show step by step solution and formula and not excel solution if possible. thank you!

Zachary was receiving rental payments of $2,000 at the beginning of every month from the tenants of his commercial property. What would be the value of his property in the market if he wants to sell it, assuming a market capitalization rate of 4.75% compounded annually? Round to the nearest cent

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