Real Estate Math
An Oregon commercial tenant rents 3,500 sq ft at $18/sq ft per year. What is the annual rent?
A$63,000✓ Correct
B$6,300
C$63,500
D$5,250
Explanation
Annual rent = 3,500 sq ft × $18/sq ft = $63,000. Using the values given ($18), apply the appropriate formula..
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