Multiple Choice
Each parcel of land in a new development is selling for $15,000 and the total project revenue is estimated to be $5,000,000.The project lender has stated that the loan should be paid off when 80% of the total project revenue has been earned.The total loan amount is $3,500,000.What is the release price for each parcel?
A) $8,400
B) $12,000
C) $12,750
D) $13,125
Correct Answer:
Verified
Correct Answer:
Verified
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Q11: The release schedule refers to a schedule