Real Estate Math
A building has 8,000 square feet of rentable space. The monthly rent is $12 per square foot per year. What is the annual gross income?
A$96,000✓ Correct
B$86,400
C$72,000
D$108,000
Explanation
Annual gross income = 8,000 sq ft × $12/sq ft/year = $96,000. Using the values given ($12), apply the appropriate formula..
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