Real Estate Math
A South Dakota commercial lease is quoted at $12 per square foot per year for 2,500 square feet. What is the monthly rent?
A$2,000
B$2,500✓ Correct
C$30,000
D$3,500
Explanation
Annual rent: $12 × 2,500 sq ft = $30,000. Monthly rent: $30,000 ÷ 12 = $2,500.
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