Real Estate Math
A Missouri tenant leases office space at $18 per square foot per year. The space is 2,400 square feet. Monthly rent is:
A$2,400
B$3,600✓ Correct
C$43,200
D$4,320
Explanation
Annual rent = 2,400 sq ft x $18 = $43,200. Monthly rent = $43,200 / 12 = $3,600. Using the values given ($18), apply the appropriate formula.. The correct answer is $3,600.. This is a common calculation on the Missouri real estate exam.
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