Real Estate Math
A Louisiana property manager collects $14,400 in annual rent from a tenant. If the management fee is 9% of collected rents, what is the annual management fee?
A$1,044
B$1,296✓ Correct
C$1,440
D$1,188
Explanation
Annual management fee = $14,400 × 9% = $1,296. To solve this, multiply the relevant values: $14,400 at 9%.. The correct answer is $1,296.. This is a common calculation on the Louisiana real estate exam.
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