Exam (elaborations)
CALP (NAA) Exam Practice
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Your community has 48 1/1 apartments leasing for a market rent of $1375. Your manager has approved an incentive of one month free on a 12 month lease. What is the effective monthly rent of the 1/1 in whole dollars? a. 1260 b. 1262 c. 1490 d. 1155 - Answer- A. $1260 1375/12= 114.58 1375-1...
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