Real Estate Math
An Oklahoma condo owner pays a monthly HOA fee of $285. What is the annual HOA cost?
A$3,220
B$3,420✓ Correct
C$3,600
D$2,850
Explanation
Annual HOA fee = $285 x 12 = $3,420. Using the values given ($285), apply the appropriate formula.. The correct answer is $3,420.. This is a common calculation on the Oklahoma real estate exam.
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