Real Estate Math
A Washington investor can invest $300,000 and earn 8% annual return. If they invest in a property, they need NOI of at least:
A$22,000
B$24,000✓ Correct
C$26,000
D$28,000
Explanation
Required NOI = Investment × Required Return = $300,000 × 8% = $24,000. To solve this, multiply the relevant values: $300,000 at 8%.. The correct answer is $24,000.. This is a common calculation on the Washington real estate exam.
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