Real Estate Math
A commercial building in Kokomo, Indiana has 8,000 sq ft. The annual rent is $22 per sq ft. What is the monthly rent?
A$12,000
B$14,667✓ Correct
C$15,000
D$18,000
Explanation
Annual rent = $22 × 8,000 = $176,000. Monthly rent = $176,000 ÷ 12 = $14,667.
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