Real Estate Math
If there are 640 acres in a section and land is selling for $3,200/acre, what is the value of the S½ of the NW¼?
A$256,000✓ Correct
B$204,800
C$512,000
D$409,600
Explanation
NW¼ = 640/4 = 160 acres. S½ of NW¼ = 160/2 = 80 acres.
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