Real Estate Math
A Washington property manager collects rents for 12 months totaling $186,000. The management fee is 8%. Annual fees earned are:
A$14,280
B$14,880✓ Correct
C$15,480
D$16,000
Explanation
Annual management fee = $186,000 × 8% = $14,880. To solve this, multiply the relevant values: $186,000 at 8%..
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