Real Estate Math
An investor owns a 12-unit apartment building. Each unit rents for $950/month. What is the potential gross annual income?
A$114,000
B$104,000
C$136,800✓ Correct
D$11,400
Explanation
PGI = 12 units × $950/month × 12 months = $136,800. The correct answer is $136,800. Using the values given ($950), apply the appropriate formula.. The correct answer is $136,800.. This is a common calculation on the Pennsylvania real estate exam.
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