What are the respective rent increases from last year

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Reference no: EM131916122

1.Broker/owner Johnson of ABC Realty Inc, is weighing the financial merits of remaining in the office premises that consists of 3,250 square feet. The current rent per square foot per year is $10.25.Last year, the same premises rented at $9.75. The landlord has informed broker /owner Johnson that next year year's rent will be $10.25 per square foot per year. What are the respective rent increases from last year to this year, frhom this year to next year and the amount of rent payable each monthduring the next year if brokerage /owner Johnson elects to remain in these premises?

A.5%, 4%, $2,640.63

B. 5%, 6%, $2,952.08

C.3%,2%, $2,741.67

D.4%, 3%, $2,776.04

2.Buyer McQuad has $95000 TO INVEST AS A DOWN PAYMENT in a new home, but insists that the loan on the home must not be more than 8/10ths of the selling price. What is thre maximum price of a home that McQuiad can purchase?

A.Home with selling price of $475,000.00

B.Home with selling price of $720,000.00

c.Home with selling price of $985,000.00

d. Home with selling price of $425,000

2.Builder Walker is attmepting to estimate the cost of pouring concrete driveways for three new houses under construction. Each driveway measures 22.5 feet wide, 35 feet long and 4 inches thick. If a contractor quotes $89.75 per cubic yard (including forms and finishing costs), how much will Walker have to pay the contractor in total for all three driveways? (1 cu. yard=27 cu. feet)

A)$7,853.00

b. $2,985.00

c.$7,068.00

d.$2,618.00

Reference no: EM131916122

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