Real Estate Math
A South Dakota tenant pays $1,800/month rent. The lease is for 2 years. What is the total contract value of the lease?
A$21,600
B$43,200✓ Correct
C$36,000
D$18,000
Explanation
Total lease value = Monthly Rent × Months in Lease = $1,800 × 24 months = $43,200. Using the values given ($1,800), apply the appropriate formula..
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