A loan was made on a property which is 65% of it's appraised value. If the interest rate on the loan is 5% AND THE FIRST SEMI-ANNUAL INTEREST RATE is $1675.00, what is the appraised value of the property ? The answers, along with the c
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10/18/2008
$25,000 is 5% of what amount ? Put that grade school math to work here ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it before you make your
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10/18/2008
What is the annual interest rate on a 12,000 loan when the interest payments are 960 dollars semi-annually on the full amount of the loan ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the p
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10/18/2008
A house is worth 160 thousand and the furniture and appliances are worth 56 thousand. The owner has an opportunity to insure everything at 72% of the total value. The annual rate on the dwelling is 3.10 per 1000 and 3.65 on the personal property.
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10/18/2008
Mr. Brady spends 1250 dollars a month on the rent for the home he lives in. He could purchase the property for 98,000. The fire insurance is $225.00 annually. Taxes are $1464.00 a year. The upkeep of the home is 1.5 % of the cost of the pro
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10/18/2008
How many cubic yards of gravel would be needed to fill a trench 36 feet long, 9 feet wide and 18 inches deep ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little
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10/18/2008
Marty Walker and Bob Gertz traded their properties. Walker's property was worth $142,250 and the market on Gertz's place was $173,500. The difference in the repective equities in the two properties was $20,150.70 The amount of equity that Walker had in his place was $49,012.50. Walker's equity is
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10/18/2008
If I bought a lot 100 feet wide and 330 feet deep, what fraction of an acre would this lot represent ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on
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10/18/2008
A 6,400 square foot lot on the side of a hill is going to be subdivided and sold. The investor figured out that 25% of the lot is just too steep to have much use in development of the lot. On top of that 3/16th's of lot is overrun by a brook. T
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10/15/2008
Harry has a storeroom and he offered a great deal to Sid. He said, "Sid, I'll rent that storeroom to you on a percentage basis". The lease on this storeroom calls for a minimum rental of $4000 monthly plus 5% of the gross of the yearly busin
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10/15/2008
