Real Estate Math
A Wyoming property has a gross income multiplier (GIM) of 8. The annual gross income is $90,000. What is the estimated property value?
A$540,000
B$630,000
C$720,000✓ Correct
D$810,000
Explanation
Value = Annual Gross Income × GIM = $90,000 × 8 = $720,000. Using the values given ($90,000), apply the appropriate formula..
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