$$\begin{array} { c r c }
\text { Month } & \begin{array} { r }
\text { Canstructian } \
\text { Draw }
\end{array} & \begin{array} { c }
\text { Sales } \
\text { Revenue }
\end{array} \
1 & \$ 200,000 & \
2 & 150,000 & \
3 & 75,000 & \
4 & 25,000 & \$ 600,000 \
\text { } & & \
\text { Total } & \$ 450,000 & \$ 600,000 \
\text { Present value @ 12\% } & \$ 441,883 & \$ 576,588 \
\end{array}$$
-Consider the table above, which summarizes monthly construction draws and sales revenues. What is the percent of lot sales revenue that needs to be used to repay the loan?
A) 4.0%
B) 75.0%
C) 76.6%
D) 33.3%

Question

$$\begin{array} { c r c } 
\text { Month } & \begin{array} { r } 
\text { Canstructian } \
\text { Draw }
\end{array} & \begin{array} { c } 
\text { Sales } \
\text { Revenue }
\end{array} \
1 & \$ 200,000 & \
2 & 150,000 & \
3 & 75,000 & \
4 & 25,000 & \$ 600,000 \
\text { } & & \
\text { Total  } & \$ 450,000 & \$ 600,000 \
\text { Present value @ 12\% } & \$ 441,883 & \$ 576,588 \
\end{array}$$
-Consider the table above, which summarizes monthly construction draws and sales revenues. What is the percent of lot sales revenue that needs to be used to repay the loan?
A) 4.0%
B) 75.0%
C) 76.6%
D) 33.3%

Quizplus · Accepted Answer

The present value of construction draws is $441,883, and the present value of sales revenue is $576,588. The percentage of sales revenue needed to repay the loan is ($441,883 / $576,588) * 100% = 76.6%.

-Consider the Table Above, Which Summarizes Monthly Construction Draws and