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TCO A) A property has a potential gross rent of $1,500,000; operating expenses of $765,750; a vacancy allowance of $45,000; and other income of $9,000.

TCO A) A property has a potential gross rent of $1,500,000; operating expenses of $765,750; a vacancy allowance of $45,000; and other income of $9,000. What is its effective gross income?

$1,455,000

$1,464,000

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