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John decides to rent his home for $14,000 per year. He expects a vacancy and collection loss of 9% per year and expenses of $3,000

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John decides to rent his home for $14,000 per year. He expects a vacancy and collection loss of 9% per year and expenses of $3,000 per year. What is his projected annual net operating income (NOI)? A. $9,740 B. $8,700 C. $8,745 D. $9,445

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