Real Estate Math
A Virginia commercial tenant pays $25 per square foot per year for 4,000 square feet. What is the monthly rent?
A$8,333✓ Correct
B$8,000
C$10,000
D$6,250
Explanation
Annual rent = $25 × 4,000 = $100,000. Monthly rent = $100,000 ÷ 12 = $8,333.
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