Angelinamlopez1185 Angelinamlopez1185

06-02-2024
Business

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A property grosses $450,000, nets $350,000, and has a capitalization rate of 9%. Prevailing GRMs are 8. What is the property value using the GRM?
A) $280,000
B) $360,000
C) $450,000
D) $560,000

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