A county charges $35 to record the first page of a deed and $8 for each additional page. If a deed is 5 pages long, what is the recording fee?
Correct Answer
D) $67
Step 1: 1 first page + 4 additional pages. Step 2: Fee = $35 + (4 × $8) = $35 + $32 = $67.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Monthly interest is the portion of the total annual interest that is paid or accrued each month.
Net operating income (NOI) is the annual income generated by an income-producing property after deducting operating expenses, but before deducting mortgage payments, income taxes, and depreciation.
Net Operating Income (NOI) is the revenue a property generates after deducting all operating expenses.
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