Real Estate Math
A Utah commercial space measuring 60 feet by 120 feet leases at $18/sq ft/year. What is the monthly rent?
A$9,600
B$10,800✓ Correct
C$12,960
D$14,400
Explanation
Area = 60 × 120 = 7,200 sq ft. Annual rent = 7,200 × $18 = $129,600. Monthly rent = $129,600 / 12 = $10,800.
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