Real Estate Math
A 10,000 sq ft commercial space leases at $22/sq ft/year. What is the monthly rent?
A$15,333
B$18,333✓ Correct
C$22,000
D$20,000
Explanation
Annual rent: 10,000 × $22 = $220,000. Monthly rent: $220,000 ÷ 12 = $18,333.
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