Real Estate Math
An Oklahoma investor receives a 12% annual return on their $380,000 investment. What is the annual income?
A$42,600
B$45,600✓ Correct
C$38,000
D$48,000
Explanation
Annual income = $380,000 x 12% = $380,000 x 0.12 = $45,600. To solve this, multiply the relevant values: $380,000 at 12%.. The correct answer is $45,600.. This is a common calculation on the Oklahoma real estate exam.
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