Real Estate Math
A Hawaii property manager collects $18,000 in monthly rent from a 6-unit apartment. The management fee is 8%. What is the annual management fee?
AA. $1,440
BB. $17,280✓ Correct
CC. $14,400
DD. $16,200
Explanation
Monthly fee = $18,000 × 0.08 = $1,440.
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