Real Estate Math
A Vermont buyer needs to purchase 2.5 acres at $18,000 per acre. What is the total land cost?
A$36,000
B$40,000
C$45,000✓ Correct
D$54,000
Explanation
Total cost = 2.5 acres x $18,000/acre = $45,000. Using the values given ($18,000), apply the appropriate formula.. The correct answer is $45,000.. This is a common calculation on the Vermont real estate exam.
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