Cameron owns a 30-unit apartment building next to a loud night club. Cameron loses $400 net income per month because of the loud noise. Many appraisers suggest using a 12% capitalization rate for this type of property in that neighborhood. Cameron's property suffers a loss in value of approximately:
A: $4,800;
B: $48,000;
C: $40,000;
D: $2,400.
Answer: C: $40,000;
Business
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