To arrive at a rough estimate of the value of rental property, investors sometimes us a gross rent multiplier. If the monthly gross income is $2,400, and a gross rent multiplier of 10.72 is used, the estimated value of the property would be most nearly:
A: $308,736;
B: $25,728;
C: $25,839;
D: $22,338.
Answer: A: $308,736;
Business
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