Real Estate Math
An Iowa farmland investor purchases 240 acres at $9,500 per acre. What is the total purchase price?
A$2,280,000✓ Correct
B$2,850,000
C$1,900,000
D$3,420,000
Explanation
Total purchase price = 240 acres x $9,500/acre = $2,280,000. Using the values given ($9,500), apply the appropriate formula..
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