Real Estate Math
A Nebraska property manager collects $22,400 in monthly rents across 8 properties. The management fee is 9%. After 3 months, total management fees collected are:
A$6,048✓ Correct
B$2,016
C$5,141
D$6,400
Explanation
Monthly fee = $22,400 × 9% = $2,016. Over 3 months = $2,016 × 3 = $6,048.
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