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V_General Appraiser > Math > Flashcards

Math Flashcards

1
Q

A $102,500 mortgage has monthly payments for 25 years, at 6.25% interest. How much are the monthly payments?
- $6,299.24
- $676.16
- $686.78
- $703.02

A

$676.16
25 gn, 6.25 gi, 102,500 CHS PV, PMT

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2
Q

A $112,000 mortgage, with 6.4% interest, has a monthly payment of $727.09 How many years was the original term of the loan?
- 20
- 22
- 27
- 29

A

27
Use your 12C: 6.4 g i, 112,000 PV, 727.090 CHS PMT, n, 12 ÷ Answer is 27 years.

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3
Q

A $222,500 mortgage, with 6.75% interest, has a monthly payment of $1,691.81. How many years was the original term of the loan?
- 20
- 22
- 25
- 30

A

20
Use your 12C: 6.75 gi, 222,500 PV, 1,691.81 CHS PMT, n, 12 ÷ Answer is 20 years

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4
Q

A $264,000 mortgage has monthly payments for 20 years, at 5.95% interest. How much are the monthly payments?
- $1,508.12
- $1,574.34
- $1,737.99
- $1,883.77

A

$1,883.77

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5
Q

A $264,000 mortgage has monthly payments for 30 years, at 5.95% interest. How much are the monthly payments?
- 1488.12
- 1574.34
- 1737.99
- 2046.47

A

1574.34

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6
Q

A $92,000 mortgage, with 7.2% interest, has a monthly payment of $695.32. How many years was the original term of the loan?
- 20
- 22
- 25
- 29

A

22
Use your 12C: 7.2 gi, 92,000 PV, 695.32 CHS PMT, n, 12 ÷ Answer is 22 years.

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7
Q

A 30-year mortgage has an interest rate of 5.9% and monthly payments of $1,156.62. What was the original mortgage amount?
- 165000
- 184500
- 188000
- 195000

A

195000
Use your 12C: 30 gn, 5.9 gi, 1,156.72 CHS PMT, PV Answer is $195,000.

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8
Q

A condo homeowner’s association needs to build up $60,000 to replace the roofs in 5 years. They can expect 3.75% interest. How much is needed each payment if they make quarterly payments?
- 1873.45
- 2238.4
- 2511.55
- 2716.07

A

2716.07
Use your 12C: [g] BEG 5 ENTER 4 X n, 3.75 ENTER 4 ÷ i, 60,000 CHS FV, PMT Answer is $2,716.07.

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9
Q

A homeowner’s association needs to build up $50,000 to replace the roofs in eight years. They can expect 3.75% interest. How much will be needed if they make quarterly payments?
- 873.45
- 1038.4
- 1211.55
- 1334.57

A

1334.57
Use your 12C: [g] [BEG] 8 ENTER 4 X n, 3.75 ENTER 4 ÷ I, 50,000 CHS FV, PMT Answer is $1,334.57

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10
Q

A homeowner’s association needs to build up $60,000 to replace the roofs in 5 years. They can expect 3.75% interest. How much is needed each payment if they made annual payments?
- 9773.45
- 10138.4
- 10997.55
- 10730.71

A

10730.71

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11
Q

A property sold for $240,000 and the buyer put $50,000 down and got a mortgage for the balance of the purchase price. The seller paid two points. How much was that?
- 1900
- 3200
- 3800
- 4800

A

3800

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12
Q

An apartment owner needs to build up $30,000 to replace the boilers in 7 years. He decides to make semi-annual payments to an interest-bearing account paying 4.0%. How much are the semi-annual payments?
- 1645.89
- 1841.23
- 2251.04
- 2325.78

A

1841.23
Use your 12C: [g] [BEG] 7 ENTER 2 X n, 4 ENTER 2 ÷ I, 30,000 CHS FV, PMT Answer is $1,841.23.

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13
Q

At the end of last month, your bank balance was $2,754.40. During the month you deposited $250.00, $543.25, $1,100, and $47.95. You made withdrawals of $500.00, $17.32, $914.50, and $51.00. What is your current balance?
- 2912.45
- 3212.78
- 3368.3
- 4187.23

A

3212.78
Use your 12C: 2,754.4 ENTER 250 + 543.25 + 1,100 + 47.95 + 500 – 17.32 – 914.50 – 51 - Answer is $3,212.78

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14
Q

Here are 10 gross income multipliers. 5.9 6.2 5.7 6.3 6.4 6.0 5.5 5.8 6.3 6.9 What is the mean?
- 5.9
- 6
- 6.1
- 6.2

A

6.1

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15
Q

Here are 10 gross income multipliers. 5.9 6.2 5.7 6.3 6.4 6.0 5.5 5.8 6.3 6.9 What is the range of the GIMs?
- 5.5-6.9
- 5.7-6.3
- 1.2
- 1.4

A

1.4

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16
Q

Here are 10 gross income multipliers. 5.9 6.2 5.7 6.3 6.4 6.0 5.5 5.8 6.3 6.9 What is the sum of the differences between the mean and the variants (X – X)?
- 2.8
- 3.2
- 3.4
- 3.8

A

3.2

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17
Q

Here are 10 gross income multipliers. 6.9 7.2 6.5 7.3 6.4 7.0 7.3 6.8 6.8 6.9 What is the range of the GIMs?
- 6.4 to 7.3
- 6.4 to 7.2
- 0.7
- 0.9

A

0.9

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18
Q

Here are 12 numbers. 41 56 38 61.5 49 59 32 67.5 60 52 47 44 What is the standard deviation?
- 8.77
- 9.02
- 10.66
- 11.94

A

10.66
Use your 12C: f CLEAR S 41 S+ 56 S+ 38 S+ 61.5 S+ 49 S+ 59 S+ 32 S+ 67.5 S+ 60 S+ 52 S+ 47 S+ 44 S+ g g s Answer is 10.66.

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19
Q

Here are 14 numbers. 235 218 266.5 298 222 246 264 255 274 261 277 214 256 239 What is the mean of the numbers?
- 249.88
- 251.82
- 253.33
- 255.78

A

251.82

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20
Q

Here are 14 numbers. 235 218 266.5 298 222 246 264 255 274 261 277 214 256 239 What is the standard deviation?
- 20.44
- 22.56
- 24.3
- 26.67

A

24.3

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21
Q

Here are 16 numbers. 43 56 38 61.5 46 59 35 67.5 50 52 41 44 63 49 53 46 What is the mean of the numbers?
- 50.25
- 51.5
- 52.2
- 53.5

A

50.25

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22
Q

Here are 16 numbers. 43 56 38 61.5 46 59 35 67.5 50 52 41 44 63 49 53 46 What is the standard deviation?
- 8.77
- 9.02
- 9.33
- 9.67

A

9.33

g . (s)

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23
Q

Here are 8 land sales. $45,000 $37,000 $34,500 $48,000 $41,000 $47,500 $39,500 $51,000 What is the mean?
- 41467
- 42135
- 42938
- 43974

A

42938

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24
Q

Here are 8 land sales. $45,000 $37,000 $34,500 $48,000 $41,000 $47,500 $39,500 $51,000 What is the range?
- $34,500 to $51,000
- $37,000 to $48,000
- 15500
- 16500

A

16500

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25
Q

Here are 8 land sales. $45,000 $37,000 $34,500 $48,000 $41,000 $47,500 $39,500 $51,000 What is the sum of the differences between the mean and the variants?
- 38000
- 39500
- 40500
- 42450

A

39500

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26
Q

Here are eight land sales. $45,000 $37,000 $34,500 $48,000 $41,000 $47,500 $39,500 $51,000 What is the average absolute deviation?
- 4337.5
- 4500.75
- 4725
- 4937.5

A

4937.5

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27
Q

Here are eight land sales. $65,000 $77,000 $62,500 $75,000 $80,000 $77,500 $72,500 $82,000 What is the average deviation?
- 4518.09
- 5453.13
- 5625.79
- 5983.33

A

5453.13
First you have to find the mean of these numbers. Add them up and divide by 8. The answer is $73,937.50. Then, you have to take each of the GIMs and determine how much each one differs from the mean we just found (73,937.50). For example: the first number is 65,000. 73,937.50 – 65,000 = 8,937.50. The second number is 77,000. 77,000 – 73,937.50 = 3,062.50. We are looking for absolute numbers – how far is each GIM away from the mean – regardless of whether it is a positive or negative number. Calculate each of these 8 differences and then add them up. The answer is 43,625. 43,625 ÷ 8 = 5,453.13.

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28
Q

Here are the 12 most recent sales in a market area. $148,000 $162,000 $145,000 $151,500 $150,000 $149,500 $166,000 $156,000 $152,000 $160,000 $155,000 $147,000 What is the mean of the sales?
- 153500
- 154250
- 155211
- 155000

A

153500

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29
Q

Here are the 12 most recent sales in a market area. $148,000 $162,000 $145,000 $151,500 $150,000 $149,500 $166,000 $156,000 $152,000 $160,000 $155,000 $147,000 What is the range of the sales?
- 11000
- 18000
- 21000
- 23000

A

21000

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30
Q

Here are the 12 most recent sales in a market area. $148,000 $162,000 $145,000 $151,500 $150,000 $149,500 $166,000 $156,000 $152,000 $160,000 $155,000 $147,000 What is the standard deviation of the sales?
- 6378.25
- 6415.9
- 6456.15
- 6573.89

A

6456.15

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31
Q

Here is a table showing 10 GRMs. GRMs 98.5 93.6 112.8 122.0 104.2 91.7 98.8 114.2 117.9 123.5 What is the mean GRM?
- 104.5
- 105.9
- 106.2
- 107.7

A

107.7

32
Q

Here is a table showing 10 GRMs. GRMs 98.5 93.6 112.8 122.0 104.2 91.7 98.8 114.2 117.9 123.5 What is the median GRM?
- 107.7
- 108.5
- 109
- 110.3

A

108.5

33
Q

Here is a table showing 10 GRMs. GRMs 98.5 93.6 112.8 122.0 104.2 91.7 98.8 114.2 117.9 123.5 What is the modal GRM?
- 98.8
- 104.2
- 112.8
- None

A

None

34
Q

Here is a table showing 15 rents. Monthly rents $775 $800 $750 $825 $875 $850 $850 $750 $775 $850 $800 $800 $750 $900 $875 What is the median rent?
- 750
- 775
- 800
- 815

A

800

35
Q

Here is a table showing 15 rents. Monthly rents $775 $800 $750 $825 $875 $850 $850 $750 $775 $850 $800 $800 $750 $900 $875 What is the modal rent?
- 800
- $750 and 800
- $800 and 810
- $750, $800, and $850

A

$750, $800, and $850

36
Q

Here is a table showing 18 rents. Monthly rents $975 $850 $1025 1100 1000 950 1000 925 1050 850 925 950 975 1000 1000 1025 1050 1100 What is the median rent?
- 975
- 981.38
- 986.11
- 1000

A

1000

37
Q

Here is a table showing 18 rents. Monthly rents $975 $850 $1025 1100 1000 950 1000 925 1050 850 925 950 975 1000 1000 1025 1050 1100 What is the modal rent?
- 975
- $981,38
- 1000
- 1025

A

1000

38
Q

Here is a table showing 18 rents. Monthly rents $975 $850 $1025 1100 1000 950 1000 925 1050 850 925 950 975 1000 1000 1025 1050 1100. What is the mean rent?
- 975
- 981.45
- 986.11
- 992.9

A

986.11

39
Q

How much do I have to put aside each year, at 4% interest, to accumulate $15,000 to replace a boiler in 10 years?
- 1193.88
- 1201.31
- 1374.98
- 985.45

A

1201.31

40
Q

How much do I have to put aside each year, at 4.5% interest, to accumulate $25,000 to repave a parking lot in seven years?
- 2944.88
- 2983.29
- 3339.48
- 3896.02

A

2983.29

41
Q

How much do I have to put aside each year, at 6% interest, to accumulate $14,000 to replace a boiler in 9 years?
- 1067.88
- 1149.35
- 1347.8
- 1439.11

A

1149.35
Use your 12C: [BEG] 9n, 6i, 14,000 CHS FV, PMT Answer is $1,149.35

42
Q

How much do I have to put aside each year, at 6% interest, to accumulate $18,000 to replace a boiler in 6 years?
- 2193.88
- 2434.46
- 2674.98
- 2745.45

A

2434.46

43
Q

How much should I pay today for a contract that will pay me $250,000 in 5 years, discounted at 8%?
- 168026.47
- 170145.80
- 173093.21
- 182840.62

A

170145.80
Use your 12C: 8n, 5i, 250,000 CHS FV, PV Answer is $169,209.84

44
Q

If a 20-year mortgage, with an interest rate of 6.15%, has monthly payments of $1,305.20; what was the original mortgage amount?
- 180000
- 184500
- 195000
- 203000

A

180000
Use your 12C: 20 g n, 6.15 g i, 1,305.20 CHS PMT, PV Answer is $180,000.

45
Q

If a 25-year mortgage has an interest rate of 6.8% and monthly payments of $1,179.92, what was the original mortgage amount?
- 155000
- 164500
- 170000
- 183000

A

170000
Use your 12C: 25 gn, 6.8 gi, 1,179.92 CHS PMT, PV Answer is $170,000.

46
Q

If I deposit $22,000 in a bank account at 2.75% interest, how much will I have at the end of 9 years?
- 24567.3
- 26073.45
- 27135.94
- 28084.01

A

28084.01
Use your 12C: 9n, 2.75i, 22,000 CHS PV, FV Answer is 28,084.01

47
Q

If I invest $75,000 at 5.2% interest today, how much will be available when I retire in 11 years?
- 124103.56
- 127445.99
- 130988.87
- 135781.33

A

130988.87

48
Q

If I put $15,000 in the bank at 3.15% interest for 11 years – how much will I have?
- 18567.3
- 21098.56
- 19835.94
- 24294.44

A

21098.56

49
Q

If I put $3,500 in the bank at the beginning of every year for 10 years, at 4.0% interest, how much will I have at the end?
- 39345.64
- 43702.23
- 43035.57
- 46592.74

A

43702.23

50
Q

If I put $40,000 in the bank at 3.15% interest for 11 years – how much will I have?
- 49567.3
- 51073.45
- 54135.94
- 56262.83

A

56262.83

51
Q

If I put $5,000 in the bank every year for 15 years, at 3.0% interest – how much will I have at the end?
- 89345.64
- 95784.41
- 93035.57
- 96592.74

A

95784.41
Use your 12C: Change the setting to [BEG], then 15n, 3i, 5,000 CHS PMT FV Answer is $95,784.41**

52
Q

If I put $8,000 in the bank every year for 12 years, at 3.2% interest – how much will I have at the end?
- 110345.64
- 118509.62
- 117035.57
- 120592.74

A

118509.62

53
Q

If I put $9,000 in the bank every year for six years, at 4.5% interest, how much will I have at the end?
- 55497.55
- 56356.78
- 58002.63
- 63172.37

A

63172.37

54
Q

If I put $9,000 in the bank every year for six years, at 4.5% interest, how much will I have at the end?
- 55497.55
- 56356.78
- 58002.63
- 63172.37

A

63172.37
12C: [g] [BEG] 6n, 4.5i, 9,000 CHS PMT FV

55
Q

We have a $146,500 mortgage, for 25 years and the monthly payment is $989.28. What is the interest rate?
- 5.4%
- 5.9%
- 6.5%
- 6.7%

A

6.5%
Use your 12C: 25 gn, 146,500 PV, 989.28 CHS PMT, i, 12 X Answer is 6.5%.

56
Q

What are the monthly payments on a $234,000 mortgage at 5.8% annual interest for 20 years?
- 1649.56
- 1415.78
- 2083.21
- 1974.56

A

1649.56
Use your 12C: 20 gn, 5.8 gi, 234,000 CHS PV, PMT Answer is $1,649.56.

57
Q

What are the monthly payments on a $950,000 mortgage at 4.8% interest for 15 years?
- 6903.59
- 7524.34
- 7413.94
- 9292.05

A

7413.94

58
Q

What is the monthly payment on a $750,000 mortgage at 4.5% interest for a 30 year term?
- 3903.59
- 4104.11
- 3451.21
- 3800.14

A

3800.14

59
Q

What’s the value today of the right to receive $38,000 in 9 years, discounted at 6%?
- $15822.44
- $19, 002.87
- $22,492.14
- $27.935.28

A

$22,492.14
Use your 12C: 9n, 6i, 38,000 CHS FV, PV Answer is $22,492.14.

60
Q

You bought a house for $256,000 and sold it for $295,000, minus a 5% commission. What was the net percentage of your gain?
- 6.3
- 7.7
- 8.1
- 9.5

A

9.5%
Use your 12C: 295,000 Enter 95% Answer is $280,250. 256,000 ENTER 280,250 [delta]% Answer is 9.5%

61
Q

Your stock went from $125 to $97.25 in 3 years. What is the average percent change per year?
- 7.4%
- -7.4%
- 9.5%
- -9.5%

A

-7.4%

62
Q

Your stock went from $42 to $57.50 in three years. What is the average percent change per year?
- 0.123
- -0.154
- 0.154
- 0.369

A

0.123

63
Q

*A 25-year mortgage, with an interest rate of 6.25%, has monthly payments of $1,253.37. What was the original mortgage amount?**
- 190000
- 194500
- 195000
- $203,00

A

190000

64
Q

*A property sold for $240,000 and the buyer put $50,000 down. The seller paid 2 points. How much was that?**
- 1900
- 3200
- 3800
- 4800

A

3800

65
Q

Your stock went from $42 to $57.50 in 3 years. What is the average percent change per year?
- 0.123
- -0.154
- 0.154
- 0.369

A

0.123

66
Q

Your stock went from $125 to $97.25 in three years. What is the average percent change per year?
- 0.074
- -0.074
- 0.095
- -0.095

A

-0.074

67
Q

You bought a house for $256,000 and sold it for $295,000, minus a 5% commission. What percent did you gain?
- 6.3
- 7.7
- 8.1
- 9.5

A

9.5

68
Q

How much is (145.78 + 216.82) X (590.50 – 188.25) ÷ 46.12?
- 1518.78
- 2939.2
- 3162.53
- 4452.95

A

3162.53

69
Q

Your stock went from $124 to $188 in 3 years. What is the average percent change per year?
- 0.172
- -0.172
- 0.254
- 0.516

A

0.172

70
Q

You bought a house for $219,000 and sold it for $315,500, minus a 6% commission. What percent did you gain?
- 3.5
- 15.5
- 26
- 35

A

35

71
Q

How much is (257.32 + 23.75) X (459.2 - 345.86) ÷ 17.1?
- 1458.21
- 1639.2
- 1782.44
- 1862.95

A

1862.95

72
Q

An investor sells his apartment house for $3,450,000. The sales commission is 8.5%. What is the net amount received by the owner?
- 3156750
- 3245000
- 3298750
- 3310000

A

3156750

73
Q

How much is (459.31 + 125.75) X (329.2 - 245.85) ÷ 23.4?
- 1518.78
- 1939.2
- 2083.96
- 2452.95

A

2083.96

74
Q

At the end of last month, your bank balance was $2,754.40. During the month, you deposited $250.00, $543.25, $1,100, and $47.95. You made withdrawals of $500.00, $17.32, $914.50, and $51.00. What is your current balance?
- 2912.45
- 3212.78
- 3368.3
- 4187.23

A

3212.78

75
Q

At the end of last month, your bank balance was $3,554.90. During the month you deposited $650.00, $261.25, $1,200, and $25.95. You made withdrawals of $300.00, $17.32, $1,120.45, and $33.00. What is your current balance?
- 2912.45
- 4221.33
- 3368.3
- 4187.23

A

4221.33

76
Q
A

V_General Appraiser (12 decks)

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