Real Estate Math
A Virginia commercial lease has a CAM charge of $8 per sq ft per year for 3,500 sq ft. What is the monthly CAM charge?
A$2,333✓ Correct
B$2,000
C$1,750
D$2,917
Explanation
Annual CAM = 3,500 × $8 = $28,000. Monthly CAM = $28,000 ÷ 12 = $2,333.
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