Real Estate Math
A 160-acre quarter section in rural Montana is described as the NW 1/4 of Section 14, Township 3 North, Range 5 East. If it sells for $2,500 per acre, what is the total sale price?
A$200,000
B$320,000
C$400,000✓ Correct
D$640,000
Explanation
A quarter section (1/4 of 640 acres) = 160 acres. Sale price = 160 x $2,500 = $400,000.
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