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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

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 potential annual gross income for this property?

A. $9,300 B. $106,020 C. $111,600 D. $115,200

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