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Assume an apartment building contains 120 units. 60% are one-bedrooms that rent for $1000/month and 40% are two-bedrooms that rent for $1,500 per month. Vacancy

Assume an apartment building contains 120 units. 60% are one-bedrooms that rent for $1000/month and 40% are two-bedrooms that rent for $1,500 per month. Vacancy is 10% of total income. What is the effective gross income?

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