A bproperty bowner bborrows b$490,000 bat ba b12% binterest brate. bHow bmuch
binterest baccumulates bin bthe bfirst byear?(Interest bRate b= bInterest b/ bPrinciple) b-
bcorrect banswer-$58,800
A bproperty bowner bhas ba b20-year bmortgage bthat bis bworth b$97,500 bwith ba b7.5%
bannual binterest brate. bWhat bdoes bthe bproperty bowner bpay bin bmortgage
bpayments bevery bmonth? b- bcorrect banswer-$784.87
What bis bthe bbasic bformula bfor bdetermining bthe bproration bof bfees? b- bcorrect
banswer-Tax bor bFee bRate bx bRemaining bDays bor bMonths b= bTax bor bFee bOwed
A bhouse bhas b3 bdistinct brectangular bshapes:
A=20'x30'
B=10'x10'
C=75'x50'
What bis bthe bsquare bfootage btotal? b- bcorrect banswer-4450 bft2
How bmany bhours bmust ban bapplicant bprovide bthat bare bacceptable band bverifiable
bappraisal bexperience bacquired bover ba bminimum bof b12 bmonths? b- bcorrect
banswer-1,500 bhours
What bis bthe bmost bprobable bprice bwhich ba bproperty bshould bbring bin ba
bcompetitive band bopen bmarket bunder ball bconditions brequisite bto ba bfair bsale, bthe
bbuyer band bseller beach bacting bprudently band bknowledgeably? b- bcorrect banswer-
Market bvalue
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller HIGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.