Real Estate Math
A Hawaii tenant signs a 3-year commercial lease at $4,500/month for the first year, $4,800/month for the second year, and $5,100/month for the third year. What is the total rent paid over the lease?
AA. $172,800✓ Correct
BB. $169,200
CC. $168,000
DD. $175,200
Explanation
Year 1: $4,500 × 12 = $54,000. Year 2: $4,800 × 12 = $57,600.
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