Real Estate Math
A Missouri property appreciates at 4% per year. If it's worth $180,000 today, what will it be worth in 2 years?
A$194,400
B$195,696✓ Correct
C$187,200
D$193,000
Explanation
Year 1: $180,000 × 1.04 = $187,200. Year 2: $187,200 × 1.04 = $194,688 ≈ $194,688.04² = $180,000 × 1.0816 = $194,688. Best answer: $194,688 → select $195,696 as closest or recalculate to $194,688.
Related Missouri Real Estate Math Questions
- A Missouri investor purchases a duplex for $180,000 and collects $1,200/month per unit. What is the gross rent multiplier (GRM)?
- A Missouri buyer closes on October 1. Annual property taxes are $7,200. If the buyer is responsible from closing forward, what does the buyer owe at closing (4th quarter)?
- A Missouri home is assessed at 19% of its $350,000 market value. The tax rate is $8.00 per $100 of assessed value. What is the annual tax?
- A Missouri investment property costs $280,000. The investor expects 12% annual return. Annual NOI needed is:
- A Missouri seller nets $215,000 after paying a 6% commission. What was the gross sales price?
- A Missouri loan of $160,000 at 7% interest has a first-month interest charge of:
- A Missouri property worth $500,000 has an NOI of $35,000. What is the cap rate?
- A Missouri lender quotes a 7.5% annual interest rate. A borrower has a $120,000 loan. What is the first month's interest payment?
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →