Real Estate Math
A Wisconsin property has 8 units at $750/month, 4 units at $900/month, and 2 units at $1,100/month. What is the total annual gross income?
A$162,000
B$172,000
C$141,600✓ Correct
D$192,000
Explanation
Monthly: (8 × $750) + (4 × $900) + (2 × $1,100) = $6,000 + $3,600 + $2,200 = $11,800. Annual = $11,800 × 12 = $141,600.
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