Real Estate Math
A Washington property manager collects $156,000 in annual rents and charges a 9% management fee. Annual fee = ?
A$12,960
B$14,040✓ Correct
C$15,600
D$17,280
Explanation
Annual management fee = $156,000 × 9% = $14,040. To solve this, multiply the relevant values: $156,000 at 9%.. The correct answer is $14,040.. This is a common calculation on the Washington real estate exam.
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