Math
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Questions and Answers

If effective gross income is $180,000, the vacancy and collection loss is 7 percent, and expenses are $73,000, what is the net operating income?

  • $167,400
  • $99,510
  • $107,000 (correct)
  • $94,400
  • Development of a management plan for a site with contamination too large to remove would fall under which phase of environmental assessment?

  • 4 (correct)
  • 1
  • 2
  • 3
  • Three multifamily properties sold as follows: The property you are interested in purchasing has a gross annual rent of $68,000. Using the gross rent multiplier method, what’s the value of the property you want to buy?

  • 6,800,000
  • 680,000 (correct)
  • $710,000
  • $780,000
  • How much interest do you owe for the first year on an amortized mortgage loan of $250,000 at a 7 percent interest rate?

    <p>$17,500</p> Signup and view all the answers

    A property’s market value is $250,000. The assessment ratio is 40 percent. The tax rate is 23 mills. What are the taxes on the property?

    <p>$2,300</p> Signup and view all the answers

    The cutoff below which tanks are generally exempted by the LUST program is

    <p>$1,100 gallons</p> Signup and view all the answers

    If the section you’re buying is bound by section 16 on the north, section 22 on the east, section 20 on the west, and section 28 on the south, what section are you buying?

    <p>21</p> Signup and view all the answers

    Six months taxes of $3,600 are paid in advance on February 1. Sale of the house closes on August 1. Who owes how much to whom?

    <p>buyer owes seller nothing</p> Signup and view all the answers

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