Real Estate Math
A Missouri property has an NOI of $36,000 and operating expenses of $14,000. What is the effective gross income if the NOI represents EGI minus expenses?
A$22,000
B$50,000✓ Correct
C$36,000
D$14,000
Explanation
NOI = EGI - Operating Expenses. $36,000 = EGI - $14,000.
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