Posted by **Sara** on Wednesday, February 27, 2013 at 5:58pm.

Please help me,math word problems make my brain go crazy.

Some friends are urging you to chip in with them to buy a vacant parcel og land on the outskirts of your city. A one-fourth interest would cost you $10,000.Total annual expenses on the property are $2,200.When the property is sold,assume that you'll have to pay a real estate commission of 10% of the selling price and that the income taxes on any profit will be 15% of the profit.If the property is sold after 3 yrs,how much will it have to sell for so that you can reap an average annual net return of 10% of your $10,000?HELP PLEASE!

## Answer This Question

## Related Questions

- math - in a series of stamps annie must buy six of each one cost $4.00 one cost...
- Math - A rectangular parcel of land has an area of 2,000 ft2. A diagonal between...
- Int Algebra - I need some help. A parcel of land is 6 ft longer than it is wide...
- Math - Hello, I need to use matrices in order to solve this problem but I am ...
- Math - The week before a big concert, five friends (Alvin, Bert, Chip, Dennis, ...
- pre calculus - A rectangular parcel of land has an area of 4,000 ft2. A ...
- pre cal - A rectangular parcel of land has an area of 4,000 ft2. A diagonal ...
- English - 1. Here is a checklist and some tips. 2. Here are a checklist and some...
- Finance - Sauerfood company has decided to buy a new computer system with an ...
- math - what is the answer to this question? The week before a big concert, five ...

More Related Questions