Each Parcel of Land in a New Development Is Selling

question 1

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

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Definitions:

Psychoanalysis

A method of psychology founded by Sigmund Freud, focusing on exploring unconscious motives and conflicts.

Rational-Emotive Therapy

A form of cognitive-behavioral therapy founded by Albert Ellis that helps individuals identify and challenge irrational beliefs, encouraging more realistic and self-helping thoughts.

Emotions

Complex psycho-physiological experiences of an individual's state of mind as interacting with biochemical and environmental influences.

Behavior Therapy

A type of psychotherapy that focuses on changing negative behaviors into positive ones through conditioning.