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WHAT IS THE ANNUAL NET OPERATING INCOME, IF A PROPERTY HAS 15 apartments, rents are...

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Accounting

WHAT IS THE ANNUAL NET OPERATING INCOME, IF A PROPERTY HAS 15 apartments, rents are $100,000 per month, expenses are 40% of the EGI (Effective Gross Income), vacancy is 10% and expenditures are $10,000.

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Complete in Excel if possible. Please show work clearly. Thank you

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