Real Estate Math
An Indiana commercial lease charges $18 per square foot per year. A tenant rents 3,200 square feet. What is the monthly rent?
A$3,600
B$4,200
C$4,800✓ Correct
D$5,400
Explanation
Annual rent = $18 × 3,200 = $57,600. Monthly rent = $57,600 ÷ 12 = $4,800.
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