Question: . A builder buys land for $30,000, spends $50,000 for streets, $645,000 for 25 houses and $45,000 for miscellaneous. He borrowed all the money at

. A builder buys land for $30,000, spends $50,000 for streets, $645,000 for 25 houses and $45,000 for miscellaneous. He borrowed all the money at 12% per annum for 5 months. If he wants to make a 15% profit, how much must he sell each house for? a. $37,000 b. $929,775 c. $35,421 d. $37,191 You borrow $2,800 at 11% interest January 1 of this year. If no payments have been made, how much do you owe as of August 1st? a. $3,104.00 b. $3,056.00 c. $2,979.67 d. $2,954.78

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