Real Estate Math
An investment property has a monthly gross income of $4,200 and a vacancy rate of 8%. What is the annual effective gross income?
A$44,208
B$46,368✓ Correct
C$50,400
D$54,600
Explanation
Monthly Effective Gross = $4,200 × (1 − 0.08) = $4,200 × 0.
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