Ok I got 32.995 I’m not sure what place you need to round to so I kept that throughout my solving process. I’m not too sure if this is right but here is the work that I did in the picture. I didn’t show the distance formula as I used an online calculator lol.
First year- 62,000 Second year- 7% increased in rent= 66,340 Third year- 7% increased in rent (66,340)= 70,984 Fourth year- 7% increased in rent (70,984)= 75,953 Fifth year- 7% increased in rent (75,953)= 81,270.
