Real Estate Math
A Vermont commercial lease is $18 per square foot per year for 3,200 square feet. What is the monthly rent?
A$3,800
B$4,200
C$4,800✓ Correct
D$5,200
Explanation
Annual rent = $18 × 3,200 = $57,600. Monthly rent = $57,600 ÷ 12 = $4,800. Using the values given ($18), apply the appropriate formula.. The correct answer is $4,800.. This is a common calculation on the Vermont real estate exam.
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