Real Estate Math
What is the value of the NE 1/4 of the SW 1/4 of a section if land is worth $1,500 per acre?
A$24,000
B$60,000✓ Correct
C$120,000
D$96,000
Explanation
NE 1/4 of SW 1/4 = 640 / 4 / 4 = 40 acres. Value = 40 × $1,500 = $60,000.
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