Real Estate Math
A Vermont property has monthly rents: Unit A $1,200, Unit B $1,100, Unit C $950. Annual gross rent is:
A$33,600
B$38,400
C$39,000
D$37,800✓ Correct
Explanation
Monthly total = $1,200 + $1,100 + $950 = $3,150. Annual = $3,150 x 12 = $37,800. Using the values given ($1,200,, $1,100,), apply the appropriate formula.. The correct answer is $37,800.. This is a common calculation on the Vermont real estate exam.
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