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

question 13

Multiple Choice

$$\begin{array} { c r c } \text { Month } & \begin{array} { r } \text { Canstructian } \\\text { Draw }\end{array} & \begin{array} { c } \text { Sales } \\\text { Revenue }\end{array} \\1 & \$ 200,000 & \\2 & 150,000 & \\3 & 75,000 & \\4 & 25,000 & \$ 600,000 \\\text { } & & \\\text { Total } & \$ 450,000 & \$ 600,000 \\\text { Present value @ 12\% } & \$ 441,883 & \$ 576,588 \\\end{array}$$
-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%

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Definitions:

Wicked Problems

Complex issues that are difficult to define and solve because they are interconnected with other problems and have multiple stakeholder perspectives with differing priorities.

Urban

Relating to, characteristic of, or situated in a city or town.

Governmental Planning

The process by which governmental bodies set goals, establish priorities, and develop strategies to achieve desired outcomes for communities or nations.

Bootstrapping

refers to starting a business with minimal financial resources, relying on personal income and savings rather than seeking external investment.