Real Estate Math
If a property increases in value by 8% per year, what will a $200,000 property be worth after 2 years?
A$216,000
B$233,280✓ Correct
C$232,000
D$236,000
Explanation
Year 1: $200,000 × 1.08 = $216,000.
People Also Study
Related Georgia Questions
- A capitalization rate for an income property is influenced by all of the following EXCEPT:Property Valuation
- How many square feet are in a section of land?Real Estate Math
- What is 1/4 of a section of land in acres?Real Estate Math
- A rectangular parcel is 3/4 mile by 1/2 mile. How many acres does it contain? (1 mile = 5,280 ft; 1 acre = 43,560 sq ft)Real Estate Math
- A 1/2 section of land has how many acres?Real Estate Math
- In Georgia, a property owner's right to use their land is limited by all of the following governmental powers EXCEPT:Property Ownership
- An easement appurtenant runs with the land, meaning it:Property Ownership
- A deed restriction (restrictive covenant) that limits a property to residential use only is an example of:Property Ownership
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Study This Topic
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →