Real Estate Math
A North Dakota property investor wants a 9% return on investment. If they're willing to invest $850,000, what is the minimum annual NOI needed?
A$63,750
B$70,000
C$76,500✓ Correct
D$85,000
Explanation
Required NOI = Investment × Required return = $850,000 × 9% = $76,500. To solve this, multiply the relevant values: $850,000, at 9%.. The correct answer is $76,500.. This is a common calculation on the North Dakota real estate exam.
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