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CALP (NAA) Exam Practice Questions and Answers
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CALP (NAA) Exam Practice Questions and Answers
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CALP (NAA) Exam Practice Questionsand Answers
Your iicommunity iihas ii48 ii1/1 iiapartments iileasing iifor iia iimarket iirent iiof ii$1375. iiYour iimanager iihas
iiapproved iian iiincentive iiof iione iimonth iifree iion iia ii12 iimonth iilease. iiWhat iiis iithe iieffective iimonthly
iirent iiof iithe ii1/1 iiin iiwhole iidollars? ii
a. ii1260
b. ii1262
c. ii1490
d. ii1155 ii- iiCorrect iiAnswers ii-A. ii$1260
1375/12= ii114.58
1375-114.58= ii$1260.42 ii--> ii$1260
Your iimanager iiis iiconsidering iia iileasing iiincentive iion ii12 iimonth iileases. iiWhich iiwould iioffer iithe
iihigher iieffective iirent ii- iiTwo iiweeks iifree iion iia ii2/1 iileasing iifor ii$1250 iior iione iimonth iifree iion iia
ii2/1 iileasing iifor ii$1275? ii
a. iithe ii$1250 iiunit
b. iiThe ii$1275 iiunit
c. iithey iiare iithe iisame
d. iiNo iiconcession iiwould iioffer iithe iihighest iieffective iirent ii- iiCorrect iiAnswers ii-A. iiThe ii$1250 iiunit ii
, 2 iiweeks iifree-->
1250/2= ii625 ii/12= ii52.08 ii--> ii1250-52.08= ii$1197.92 ii
1 iimonth iifree ii--> ii
1275/12=106.25
1275-106.25= ii$1168.75
Which iiof iithe iifollowing iicommunities iihas iithe iihigher iitotal iimonthly iimarket iirent? ii
Property iiA ii- ii24 iiunits ii@ ii$985; ii48 iiunits ii@ ii$1345; ii36 iiunits ii@ ii$2230
Property iiB ii- ii36 iiunits ii@ ii$885; ii36 iiunits ii@ ii$1265; ii24 iiunits ii@ ii$2250
Property iiC ii- ii48 iiunits ii@ ii$875; ii18 iiunits ii@ ii$1385; ii22 iiunits ii@ ii$2495 ii- iiCorrect iiAnswers ii-
Property iiA. ii
Property iiA ii--> ii24*985=23640; ii48*1345=64560; ii36*2230=80280 iiTOTAL: ii168,480 ii
Property iiB ii--> ii36*885=31860; ii36*1265= ii45540; ii24*2550=61200 iiTOTAL: ii138600 ii
Property iiC ii--> ii48*875=42000; ii18*1385=24930; ii22*2495=54890 iiTOTAL: ii121820
What iiis iithe iirent iiper iisquare iifoot iifor iia ii1/1 iiunit iiof ii657 iisf iipriced iifor ii$1015? ii
a. ii$1.75
b. ii$1.54
c. ii$1.36
d. ii$1.48 ii- iiCorrect iiAnswers ii-B. ii$1.54 ii
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