Real Estate Math (alternative)
A Maryland property's PGI is $90,000. Vacancy and collection loss is 8%. Operating expenses are $28,000. What is the NOI?
A$54,800✓ Correct
B$55,800
C$62,000
D$82,800
Explanation
EGI = $90,000 × (1 – 0.08) = $90,000 × 0.
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