A promissory note for $17000 is dated April the 15th 2008 and has an annual interest rate of 5%. The interest is paybable quarterly. None of the interest has been paid yet so a notice is sent to the borrower requesting interest due on January
...
11/15/2008
A Missouri farm with 60 acres was listed in the MLS for $1500 an acre. The farm was sold for $76,500 with the condition that the buyer pay the commission of 10% of the sale price. How much did the buyer save under the list price with this condi
...
11/15/2008
What would be the annual interest rate on a $42,000 loan if the quarterly interest payments are $575.50 ? Answers posted below the wildlife photo. Please take your time. A. .05481 or rounded .055 or 5.5% Let's take the quarterly interest pay
...
11/08/2008
A broker sold a 50' by 100' lot for $7.50 a square foot. If the broker's sales commission is 5% how much will the seller receive after the sale ? Answers are below the wildlife photo. Please take your time. A. $35,625 There are two ways
...
11/08/2008
The lot is 70 feet wide by 150 feet long. What percentage of a full acre is this lot ? Answers below the wildlife photo. Take your time. A. .241047 or roughly 24% or almost a quarter of an acre. Let's find out how many square feet are on the lo
...
11/08/2008
A lot 70 feet wide by 150 feet long sold for 40 thousand dollars. How much did the lot sell for by the square foot ? Remember, the answer is below the wildlife photo. Try not to peek if your stuck. Give it a minute. Have fun ! Take you t
...
11/08/2008
The owner of an investment property has seen a return on net income of $30,000 a year over the last five years. He's also charged off depreciation during the last five years. Let's agree that 5% is a fair return on profit for this particu
...
11/08/2008
Aloan was assumed for fifty thousand dollars with a down payment of 15%. The loan balance is payable at the rate of $7.50 per thousand per month which also includes an annual interest payment at 5.5%. What are the monthly payments ? The answ
...
11/08/2008
Diane Duncan, a saleswoman, is working on a 50/50 split commisssion basis with your brokerage. She sells a property for 15% less than the listing price of $1,700,000. The commission schedule with your brokerage calls for 6% on the full selling pri
...
11/08/2008
Sharon only had $6,500 in cash. The house lot cost $65 per front foot of fifty feet and the house cost was $108,280. She was approved for a mortgage for the balance. If her interest was 5% annual interest, payable semi-annually, what was t
...
11/08/2008
