The couple now needs more room and decides to buy a large piece of property that is approximately seventy thousand square feet in area. The value of property in the area in which they plan to live is ten dollars per square foot. They plan to build a house worth 175000 on this property. 5. What is the value of the lot? What is the principle for a loan to cover the lot and house? 6.

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The couple now needs more room and decides to buy a large piece of property that is approximately
seventy thousand square feet in area. The value of property in the area in which they plan to live is
ten dollars per square foot. They plan to build a house worth 175000 on this property.
What is the value of the lot?
What is the principle for a loan to cover the lot and house?
5.
6.
Transcribed Image Text:The couple now needs more room and decides to buy a large piece of property that is approximately seventy thousand square feet in area. The value of property in the area in which they plan to live is ten dollars per square foot. They plan to build a house worth 175000 on this property. What is the value of the lot? What is the principle for a loan to cover the lot and house? 5. 6.
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