CG Exam Prep
***CARPETING WILL REQUIRE REPLACEMENT IN FIVE YEARS. IF THE REPLACEMENT
COST IS ANTICIPATED TO BE $12,000 AND THE RESERVE ACCOUNT WILL EARN SIX
PERCENT, WHAT IS THE NECESSARY ANNUAL CONTRIBUTION?
$2,989
$2,433
$2,129
$2,098 - ANS-Correct Answer: C
5n
6i
12,000 FV
PMT = 2,129
*The subject has three hundred acres of advanced pasture, two hundred acres of herbal
pasture, and 500 acres of wooded land. The simplest similar inside the market is very
comparable and offered for $1,050 in keeping with acre. The similar has two hundred acres of
stepped forward pasture, four hundred acres of herbal pasture, and 400 acres of wooded land.
If natural pasture sells for 80 percentage of improved pasture, and wooded land sells for 30
percentage of progressed pasture, what is the cost of the problem?
A. $1,550/acre
B. $1,137/acre
C. $1,102/acre
D. $1,002/acre - ANS-Correct Answer: C
Comparable:
Improved - two hundred x 1.00 = two hundred
Natural - four hundred x .80 = 320
Wooded - four hundred x .30 = a hundred and twenty
640 x 1,050 = 672,000
Subject:
Improved - 300 x 1.00 = three hundred
Natural - two hundred x .Eighty = 160
Wooded - 500 x .30 = 150
300 + 160 + 150 = 610
672,000 = 610 x ($x/acre)
,672,000/610 = 1101.639
118
121
125
a hundred thirty
one hundred thirty
130
a hundred thirty
130
131
136
FROM THE ABOVE LIST OF GROSS INCOME MULTIPLIERS, WHAT IS THE STANDARD
DEVIATION?
A. 5.28
B. 5.35
C. 5.Seventy five
D. 6.Fifty five - ANS-Correct Answer: A
118 E+
121 E+
125 E+
one hundred thirty E+
a hundred thirty E+
a hundred thirty E+
one hundred thirty E+
130 E+
131 E+
136 E+
g s = five.2799
A $one hundred,000.00 MORTGAGE LOAN AMORTIZES MONTHLY AT AN ANNUAL
INTEREST RATE OF NINE PERCENT. THE LOAN TERM IS 30 YEARS AND THE
BORROWER PAID THREE POINTS IN DISCOUNT. WHAT IS THE LENDER'S EFFECTIVE
YIELD IF THE LOAN IS PAID OFF IN FIVE YEARS?
A. Nine.38%
B. 9.Fifty two%
C. 9.Seventy seven%
D. 9.98% - ANS-Correct Answer: C
,a hundred,000 X .03 = three,000 bargain
a hundred,000 - three,000 = ninety seven,000 powerful loan quantity
30 gn
9 gi
one hundred,000 PV
PMT = 804.6226 month-to-month debt provider
60 f amort = 44,157.60 hobby paid for 5 years
RCL PV = 95,880.1362 predominant stability at the cease of five years
5gn loan maintaining period
ninety seven,000 PV powerful mortgage quantity
804.6226 CHS PMT (enter as a negative because borrower owes)
95,880.1362 CHS FV fundamental stability at the give up of five years (enter as a bad)
i = .814509 monthly powerful rate
12x = nine.774 annual effective price
A $27,000 MORTGAGE LOAN AT eleven PERCENT INTEREST IS GRANTED. THE LOAN
AMORTIZES MONTHLY WITH A PAYMENT OF $257.Thirteen. WHAT PART OF THE THIRD
MONTH'S PAYMENT IS PRINCIPAL?
A. $9.63
B. $nine.71
C. $9.80
D. $9.89 - ANS-Correct Answer: C
11gi
27,000 PV
257.Thirteen CHS PMT
n = 360
1f amort (interest 1st month)
1f amort (interest 2d month)
1f amort (hobby third month)
x<>y = 9.Eighty
A 10 yr vintage duck farm with a ability of 50,000 geese bought recently for $400,000. The price
to replace the upgrades is $four.50 in line with duck. The land is forty acres valued at $7,000
consistent with acre. What is the economic existence of the enhancements rounded to the
closest year?
A. 18 years
b. 21 years
c. 29 years
d. 42 years - ANS-Correct Answer: B
, forty x 7,000 = 280,000 land value
four hundred,000 - 280,000 = one hundred twenty,000 improvement price
4.50 x 50,000 = 225,000 substitute price
225,000 - a hundred and twenty,000 = one zero five,000 depreciation
105,000/10 = 10,500 annual depreciation
225,000/10,500 = 21.Forty two years
A 10,000 square foot building has a contemporary reproduction value of $a hundred and ten per
rectangular foot and a modern substitute price of $105 in line with rectangular foot. The
constructing became at first built three years in the past at a fee of $one million which include
incurable superadequate components of $50,000. Incurable physical deterioration is anticipated
at 2% yearly (directly-line). What is the full incurable physical deterioration and purposeful
obsolescence deduction to substitute fee new?
A. $60,000
b. $63,000
c. $113,000
d. $117,000 - ANS-Correct Answer: B
10,000 x one hundred and five = 1,050,000
1,050,000 x .02 = 21,000
21,000 x 3 = 63,000 (Functional superadequacies aren't blanketed as part of replacement cost.)
A a hundred UNIT APARTMENT BUILDING HAS A RATIO OF ONE BEDROOM UNITS TO
TWO BEDROOM UNITS OF three:1. THE ONE BEDROOM UNITS MEASURE 1,000 SQUARE
FEET. THE TWO BEDROOM UNITS MEASURE 1,300 SQUARE FEET. THE RENT FOR ALL
UNITS IS $.65 PER SQUARE FOOT PER MONTH. WHAT IS THE POTENTIAL GROSS
INCOME FOR THE BUILDING?
A. $436,000
B. $585,000
C. $838,500
D. $920,200 - ANS-Correct Answer: C
75 X 1,000 = seventy five,000 107,500 X .Sixty five = sixty nine,875
25 X 1,300 = 32,500 69,875 X 12 = 838,500
75,000 + 32,500 = 107,500
A a hundred UNIT APARTMENT COMPLEX GENERATES THE FOLLOWING DATA. HOW
MANY UNITS MUST BE RENTED FOR THE YEAR FOR THIS COMPLEX TO BREAK EVEN?
DEBT SERVICE - $190,000
OPERATING EXPENSES - a hundred and fifteen,000
***CARPETING WILL REQUIRE REPLACEMENT IN FIVE YEARS. IF THE REPLACEMENT
COST IS ANTICIPATED TO BE $12,000 AND THE RESERVE ACCOUNT WILL EARN SIX
PERCENT, WHAT IS THE NECESSARY ANNUAL CONTRIBUTION?
$2,989
$2,433
$2,129
$2,098 - ANS-Correct Answer: C
5n
6i
12,000 FV
PMT = 2,129
*The subject has three hundred acres of advanced pasture, two hundred acres of herbal
pasture, and 500 acres of wooded land. The simplest similar inside the market is very
comparable and offered for $1,050 in keeping with acre. The similar has two hundred acres of
stepped forward pasture, four hundred acres of herbal pasture, and 400 acres of wooded land.
If natural pasture sells for 80 percentage of improved pasture, and wooded land sells for 30
percentage of progressed pasture, what is the cost of the problem?
A. $1,550/acre
B. $1,137/acre
C. $1,102/acre
D. $1,002/acre - ANS-Correct Answer: C
Comparable:
Improved - two hundred x 1.00 = two hundred
Natural - four hundred x .80 = 320
Wooded - four hundred x .30 = a hundred and twenty
640 x 1,050 = 672,000
Subject:
Improved - 300 x 1.00 = three hundred
Natural - two hundred x .Eighty = 160
Wooded - 500 x .30 = 150
300 + 160 + 150 = 610
672,000 = 610 x ($x/acre)
,672,000/610 = 1101.639
118
121
125
a hundred thirty
one hundred thirty
130
a hundred thirty
130
131
136
FROM THE ABOVE LIST OF GROSS INCOME MULTIPLIERS, WHAT IS THE STANDARD
DEVIATION?
A. 5.28
B. 5.35
C. 5.Seventy five
D. 6.Fifty five - ANS-Correct Answer: A
118 E+
121 E+
125 E+
one hundred thirty E+
a hundred thirty E+
a hundred thirty E+
one hundred thirty E+
130 E+
131 E+
136 E+
g s = five.2799
A $one hundred,000.00 MORTGAGE LOAN AMORTIZES MONTHLY AT AN ANNUAL
INTEREST RATE OF NINE PERCENT. THE LOAN TERM IS 30 YEARS AND THE
BORROWER PAID THREE POINTS IN DISCOUNT. WHAT IS THE LENDER'S EFFECTIVE
YIELD IF THE LOAN IS PAID OFF IN FIVE YEARS?
A. Nine.38%
B. 9.Fifty two%
C. 9.Seventy seven%
D. 9.98% - ANS-Correct Answer: C
,a hundred,000 X .03 = three,000 bargain
a hundred,000 - three,000 = ninety seven,000 powerful loan quantity
30 gn
9 gi
one hundred,000 PV
PMT = 804.6226 month-to-month debt provider
60 f amort = 44,157.60 hobby paid for 5 years
RCL PV = 95,880.1362 predominant stability at the cease of five years
5gn loan maintaining period
ninety seven,000 PV powerful mortgage quantity
804.6226 CHS PMT (enter as a negative because borrower owes)
95,880.1362 CHS FV fundamental stability at the give up of five years (enter as a bad)
i = .814509 monthly powerful rate
12x = nine.774 annual effective price
A $27,000 MORTGAGE LOAN AT eleven PERCENT INTEREST IS GRANTED. THE LOAN
AMORTIZES MONTHLY WITH A PAYMENT OF $257.Thirteen. WHAT PART OF THE THIRD
MONTH'S PAYMENT IS PRINCIPAL?
A. $9.63
B. $nine.71
C. $9.80
D. $9.89 - ANS-Correct Answer: C
11gi
27,000 PV
257.Thirteen CHS PMT
n = 360
1f amort (interest 1st month)
1f amort (interest 2d month)
1f amort (hobby third month)
x<>y = 9.Eighty
A 10 yr vintage duck farm with a ability of 50,000 geese bought recently for $400,000. The price
to replace the upgrades is $four.50 in line with duck. The land is forty acres valued at $7,000
consistent with acre. What is the economic existence of the enhancements rounded to the
closest year?
A. 18 years
b. 21 years
c. 29 years
d. 42 years - ANS-Correct Answer: B
, forty x 7,000 = 280,000 land value
four hundred,000 - 280,000 = one hundred twenty,000 improvement price
4.50 x 50,000 = 225,000 substitute price
225,000 - a hundred and twenty,000 = one zero five,000 depreciation
105,000/10 = 10,500 annual depreciation
225,000/10,500 = 21.Forty two years
A 10,000 square foot building has a contemporary reproduction value of $a hundred and ten per
rectangular foot and a modern substitute price of $105 in line with rectangular foot. The
constructing became at first built three years in the past at a fee of $one million which include
incurable superadequate components of $50,000. Incurable physical deterioration is anticipated
at 2% yearly (directly-line). What is the full incurable physical deterioration and purposeful
obsolescence deduction to substitute fee new?
A. $60,000
b. $63,000
c. $113,000
d. $117,000 - ANS-Correct Answer: B
10,000 x one hundred and five = 1,050,000
1,050,000 x .02 = 21,000
21,000 x 3 = 63,000 (Functional superadequacies aren't blanketed as part of replacement cost.)
A a hundred UNIT APARTMENT BUILDING HAS A RATIO OF ONE BEDROOM UNITS TO
TWO BEDROOM UNITS OF three:1. THE ONE BEDROOM UNITS MEASURE 1,000 SQUARE
FEET. THE TWO BEDROOM UNITS MEASURE 1,300 SQUARE FEET. THE RENT FOR ALL
UNITS IS $.65 PER SQUARE FOOT PER MONTH. WHAT IS THE POTENTIAL GROSS
INCOME FOR THE BUILDING?
A. $436,000
B. $585,000
C. $838,500
D. $920,200 - ANS-Correct Answer: C
75 X 1,000 = seventy five,000 107,500 X .Sixty five = sixty nine,875
25 X 1,300 = 32,500 69,875 X 12 = 838,500
75,000 + 32,500 = 107,500
A a hundred UNIT APARTMENT COMPLEX GENERATES THE FOLLOWING DATA. HOW
MANY UNITS MUST BE RENTED FOR THE YEAR FOR THIS COMPLEX TO BREAK EVEN?
DEBT SERVICE - $190,000
OPERATING EXPENSES - a hundred and fifteen,000
