Real Estate Math
A property manager charges 8% of monthly rent for management. If rent is $1,450/month and the property is occupied all 12 months, how much does the manager earn annually?
A$1,392✓ Correct
B$1,740
C$116
D$1,560
Explanation
Annual rent = $1,450 × 12 = $17,400. Annual fee = $17,400 × 8% = $1,392.
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