8. Using the cap rate of Property 3, what selling price should be set for the Subject property?

A. $1, 092,012

B. 987,098

C. 875,003

D. $606,673

15. Fred purchased a small retail center for $350,000. Fred placed $100,000 down and obtained an interest-only loan for $250,000 at 10% annual interest. At the end of one year, the building was sold for $410,000. How much money did Fred gain on this investment?

A. $60,000

B. $35,000(410000-25000+100000+250000)

C. $45,000

D. $25,000

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