Real Estate Math
An Iowa farmland parcel of 80 acres cash rents for $225/acre/year. What is the annual gross rental income?
A$18,000✓ Correct
B$9,000
C$22,500
D$28,125
Explanation
Annual gross rent = 80 acres x $225/acre = $18,000. Using the values given ($225), apply the appropriate formula.. The correct answer is $18,000.. This is a common calculation on the Iowa real estate exam.
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