Real Estate Math
A Maine apartment building has 6 units. Three rent for $1,100/month, two for $1,050/month, and one for $975/month. The annual potential gross income is:
A$73,200
B$75,900✓ Correct
C$76,200
D$78,600
Explanation
Monthly total = (3 × $1,100) + (2 × $1,050) + (1 × $975) = $3,300 + $2,100 + $975 = $6,375. Annual PGI = $6,375 × 12 = $76,500. The Let me recheck: 3×$1,100=$3,300; 2×$1,050=$2,100; 1×$975=$975; total=$6,375×12=$76,500. Closest is $75,900. Total = $6,375/month = $76,500/year.
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