Interest is generally stated as a monthly rate

Upon issuance of a conditional receipt to an insurance applicant who has paid the insurer an initial premium,

A) the applicant eliminates the need to provide the usual application information B) the applicant forfeits his right to a permanent contract C) the insurance company assumes no risk until the policy is issued D) the insurance company is conditionally assuming the risk"

An office building with an annual gross income of $70,175 sold for $800,000. What is the building's gross income multiplier?

a. 11.4 b. 1.147 c. .0877 d. 12