Real Estate Math
A Mississippi property has a monthly NOI of $1,500. The annual NOI is:
A$15,000
B$18,000✓ Correct
C$20,000
D$16,500
Explanation
Annual NOI = $1,500 × 12 = $18,000. Using the values given ($1,500), apply the appropriate formula.. The correct answer is $18,000.. This is a common calculation on the Mississippi real estate exam.
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