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

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