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WHAT is ANNUAL EGI (Effective Gross Income per YEAR) if the operating expenses are 4%...

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Question

Accounting

WHAT is ANNUAL EGI (Effective Gross Income per YEAR) if the operating expenses are

4% per year, rents are $24 per square foot per year, vacancy is 5%, building is 20,000 sq feet.

ASKS for ANNUAL MULTIPLY BY 12!

Please show the work for this answer as what it would look like on an excel sheet.

Thank you very much.

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