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Unit 8 Real Estate Math Calculation
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An office manager was paid 1000 per month plus .0025 of all office sales. in november, she recieved $2780. this amount was based on monthly sales of
a. 556,000.
b. 712,000
c. 912,000
d.112000
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b.712,000
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Terms in this set (80)
An office manager was paid 1000 per month plus .0025 of all office sales. in november, she recieved $2780. this amount was based on monthly sales of
a. 556,000.
b. 712,000
c. 912,000
d.112000
b.712,000
What investment is necessary for a yield of $500 per month at 6% interest?
a. 8,333.33
b. 60,000
c. 100000
d. 120000
c. 100000
A 30 acre rectangular parcel has 660 ft on the street side. What is the depth of the parcel in feet?
a. 738.42
b. 963.7
c. 1240
d. 1980
d. 1980
A list price was set to leave the owner with $90,000 after a 6 percent commission was deducted from the sales price. What was the list price?
A. $95,400
B. $95,745
C. $95,905
D. $96,000
B. $95,745
Which is the correct formula to determine the interest rate?
A. Interest rate = Interest earned / Principal
B. Interest rate = Interest earned x Principal x Time
C. Interest rate = Interest earned / Time
D. Interest rate= Interest earned x Time
A. Interest rate = Interest earned / Principal
The next monthly interest payment on a loan balance of$17,835 is $132.28. The interest rate on the loan is
A. 6.78%.
B. 7.4%.
C. 8.9%.
D. 13.48%.
C. 8.9%.
On a 70-foot-by-70-foot rectangular lot, the side yard building setbacks are 10 feet. The front yard setback is 25 feet, and the rear set back is 20 feet. What is the maximum square footage possible for a one-story structure?
A. 1,000
B. 1,200
C. 1,250
D. 4,900
C. 1,250
A women purchased four lots at $12,000 each and divided them into 6 lots that were sold for $9,600 each. What was the women percentage of profit based on his cost?
A. 6%
B. 12%
C. 20%
D. 24%
C. 20%
A man purchased a property for $175,000. The man wishes to sell the property. If he total selling costs will equal 11% of the sales price, how much will the property have to appreciate in value for the man to break even?
A. $19,612
B. $20,311
C. $21,629
D. $23,730
C. $21,629
A mill would be expressed as
A. $0.001
B. $0.01
C. $0.1
D. $1.0
A. $0.001
A house purchased four years ago for $50,000 has increased in value by 10 percent each year since purchase. The house is now worth
A. $66,550.
B. $70,000.
C. $73,205.
D. $90,000
C. $73,205.
Builder J received a bridge loan for $72,500 at 12 percent interest. If his total interest costs were $5,075, how many months did it take J to pay off the loan?
A. 4 months
B. 6 months
C. 7 months
D. 8 months
C. 7 months
A property with a gross annual income of $20,000 has a value of$120,000.The only expense is the 11 percent interest payment on a $100,000 straight mortgage. What is the owner's percentage return on equity?
A. 16.6%
B. 20%
C. 22.2%
D. 45%
D. 45%
A one-acre site has a 40' x 100' rectangular building. The building occupies what percent age of the site?
A. 0.025%
B. 2.5%
C. 9.2%
D. 11.1%
C. 9.2%
D sold a note to E at a 32 percent discount. D received $5,304. What was the amount due on the note?
A. $1,697
B. $6,800
C. $7,420
D. $7,800
D. $7,800