Real Estate Math
A property in Montpelier has a monthly gross income of $4,200. The annual vacancy rate is 8%. What is the annual effective gross income?
A$46,368✓ Correct
B$50,400
C$47,000
D$43,200
Explanation
Annual gross income = $4,200 x 12 = $50,400. EGI = $50,400 x (1 - 0.
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