Real Estate Math
An Iowa farmland parcel sold for $7,800 per acre. The parcel is the E1/2 of the NW1/4 of a section. What is the total sale price?
A$312,000
B$624,000✓ Correct
C$1,248,000
D$780,000
Explanation
NW1/4 = 160 acres. E1/2 of the NW1/4 = 80 acres.
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