Real Estate Math
A Hawaii investment property generates $5,500 per month in gross rent. What is the annual gross income?
AA. $55,000
BB. $66,000✓ Correct
CC. $60,000
DD. $72,000
Explanation
$5,500 × 12 = $66,000 annual gross income. Using the values given ($5,500), apply the appropriate formula.. The correct answer is B. $66,000.. This is a common calculation on the Hawaii real estate exam.
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