Real Estate Math
A Billings commercial property has a potential gross income of $120,000, vacancy of 8%, and operating expenses of $42,000. What is the net operating income?
A$68,400✓ Correct
B$78,000
C$69,600
D$84,000
Explanation
Effective Gross Income = $120,000 × (1 − 0.08) = $120,000 × 0.
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