Real Estate Math
A Wisconsin rectangular lot is 1 acre. Given that 1 acre = 43,560 sq ft, if the lot is 165 feet wide, how deep is it?
A220 feet
B240 feet
C264 feet✓ Correct
D280 feet
Explanation
Depth = 43,560 sq ft / 165 ft = 264 feet. Remember: 1 acre = 43,560 square feet.
People Also Study
Related Wisconsin Questions
- A Wisconsin home is on a rectangular lot measuring 75 feet wide and 130 feet deep. The home occupies 1,800 square feet. What percentage of the lot does the home cover?Real Estate Math
- A Wisconsin rectangular parcel contains 2.5 acres. At 43,560 sq ft/acre, how many square feet is the parcel?Real Estate Math
- A Wisconsin lot measures 150 feet wide by 200 feet deep. How many acres is the lot?Real Estate Math
- A Wisconsin lot is 90 feet wide and 140 feet deep. The purchase price is $7.50/sq ft. What is the total purchase price?Real Estate Math
Key Terms to Know
Amortization
The gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Math Concepts
Study This Topic
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →