Real Estate Math
A building has 8 rental units, each renting for $1,800 per month. What is the annual gross rental income assuming full occupancy?
A$157,600
B$172,800✓ Correct
C$144,000
D$187,200
Explanation
Annual gross income = 8 units × $1,800/month × 12 months = $172,800. Using the values given ($1,800), apply the appropriate formula..
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