Determining effective gross income

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Please explain how you came up with your answer and what tools or calculations did you use? If you had to take multiple steps to get the solution please explain each step:

A property has a potential gross rent of $13500,000; operating expenses of $665,750; a vacancy allowance of $40,000, and other income of $9,000. What is its effective gross income?

Reference no: EM1322859

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