Real Estate Math
If a property's effective gross income is $34,200 and operating expenses are $14,200, what is the net operating income (NOI)?
A$18,000
B$20,000✓ Correct
C$22,000
D$24,000
Explanation
NOI = Effective Gross Income − Operating Expenses = $34,200 − $14,200 = $20,000. Using the values given ($34,200, $14,200,), apply the appropriate formula..
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