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13 An apartment complex has the following characteristics: 6 three-bedroom units $600 monthly rent 12 two-bedroom units $475 monthly rent Given an expected vacancy rate

13

An apartment complex has the following characteristics:

6 three-bedroom units $600 monthly rent

12 two-bedroom units $475 monthly rent

Given an expected vacancy rate of 5% percent, what is the potentialannualgross income for this property?

A.
$9,300

B.
$106,020

C.
$111,600

D.
$115,200

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