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Choose the letter of the correct term or concept below to complete the sentence. a. prototype b. algorithm c. functional fixedness d. insight e. phonemes f. syntax g. semantics h. mental set i. thinking j. metacognition. __________ is a set of rules for combining words, phrases, and sentences to express thoughts that can be understood by others.
ABC Residential Investors, LLP, is considering the purchase of a 120 -unit apartment complex in Steel City, Pennsylvania. A market study of the area reveals that an average rental of per month per unit could be realized in the appropriate market area. During the last six months, two very comparable apartment complexes have sold in the same market area. The Oaks, a 140unit project, sold for 9 million dollars. Its rental schedule indicates that the average rent per unit is 550 dollars per month. Palms, a 90-unit complex, is presently renting units at 650 dollars per month, and its selling price was 6.6 million dollars. The mix of number of bedrooms and sizes of units for both complexes is very similar to that of the subject property, and both appear to have normal vacancy rates of about 10 percent annually. All rents are net as tenants pay all utilities and expenses.
What other information would be desirable in reaching a conclusion about the probable value for the property?