A real estate broker acting as a property manager leased a building for 10 years at an annual rent of 48,000. They will receive a commission of 7.5% for the first five years, 5% for the next three years, and 3.5% for the final two years. What will the broker's gross income be from this commission over the life of the lease

Question... is the commission given 10 times or 3?

If the commission is 10 then

5*(48,000 * .075) + 3*(48,000 * .05) +2*(48,000 * .035)

5*(3600) + 3*(2400) +2*(1680)

= 28560

If the commission is 3 then (once for first five years, once for the next three,

and once for the last two

(48,000 * .075) + (48,000 * .05) +(48,000 * .035)

=7680

Step-by-step explanation:

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step-by-step explanation: