Real Estate Math
A New Mexico condominium association's monthly HOA fee is $275. The association's annual budget is $66,000. How many units are in the complex?
A18
B20✓ Correct
C22
D24
Explanation
Annual fee per unit = $275 × 12 = $3,300. Number of units = $66,000 / $3,300 = 20 units.
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