Ch 18 - Real Estate Arithmetic Flashcards
3/10 as a percent would be:
30%
.25 as a fraction is:
1/4
If a house sold for $490,500, which was 9% more than it originally cost, the original cost was:
$450,000
How many square feet are in a triangle that is 50 feet wide and 30 feet in height?
750 sq. ft.
A developer is selling lots measuring 55’ x 125’. Each lot contains how many square feet?
6,875 sq. ft.
What is the number of cubic feet in a brick wall that measures 2 feet deep, 6 feet high, and 55 feet long?
660 cu. ft.
A broker received a commission check in the amount of $31,600. The property sold for $395,000. What was the commission rate?
8%
If a house sold for $290,000, which was 19% more than it originally cost, what was the original cost? (in whole dollars)
$243,697
An investor paid $650,000 for a four-plex. Each unit rents for $950 per month. If the investor’s annual expenses total $8,000, what is the rate of return he will earn on his $650,000?
5.78%
An owner of a duplex earns a 12% return on his investment of $273,000. What is his annual net income?
$32,760
An investment property is offered for sale at $400,000. An investor purchasing the property at that price would receive a 12.5% return on their investment from the net income earned by the property. If the investor wanted to realize a 14% return, what would they have to purchase the property for? (Round your answer to the nearest whole dollar.)
$357,143
A building with a 40-year useful life depreciates at what percentage per year?
2.5%
Aster Corporation decided to develop a downtown office building, and borrowed $6,000,000 repayable in 8 years. The amortized note showed that at the end of the 8 years, Aster Corporation would have paid a total of $11,942,400. What was the amount of yearly simple interest charged on the note?
12.38%
$250,000 is 109% of what number?
$229,357.79
What is the loan amount if the interest rate is 7.5% per year and the monthly interest payment is $1,250?
$200,000
