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Andrew purchased an industrial lot in Sudbury for $1,000,000 and it was assessed at 80% of its purchase price. The annual property tax on the

Andrew purchased an industrial lot in Sudbury for $1,000,000 and it was assessed at 80% of its purchase price. The annual property tax on the lot is 25 mills.

assessed value?

property tax that he has to pay every year?

2)Rebecca invested 45% of her money in mutual funds, 30% in real estate, and 25% in stocks. If the value of the money that she invested in mutual funds, real estate, and stocks grew by 4%, 6%, and 10% respectively, what was the average growth on her total investment?

3) Russell receives a bi-weekly pay of $2,080. He has 32 regular hours work weeks and he gets paid overtime at time-and-a-half for any hours worked over 32 hours. Assume that 1 year = 52 weeks.

Calculate his annual salary.

Calculate his overtime rate of pay.

If he worked a total of 93 hours during his last bi-weekly pay-period, calculate his gross payment for the last pay-period.

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