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--- important_formulas [2026/01/23 10:41] – reidjs
+++ important_formulas [2026/01/23 10:51] (current) – reidjs
@@ Line 18: / Line 18: @@
     * Value = Land Value + Replacement Cost − Depreciation
-  * Property Value - Land Value = Improvement Value
+  * **Improvement Value** = Property Value - Land Value
+  * **Net Income** = Market Value × Cap Rate
 ===== Financing =====
@@ Line 24: / Line 26: @@
     * Loan = Purchase Price − Down Payment
-  * Points
+  * **Points**
     * 1 Point = 1% of the loan amount
@@ Line 63: / Line 65: @@
   * **Broker Gross Income**
     * Gross Income = Total Commissions Earned (before expenses)
+====== Unit Conversions ======
+===== Length =====
+^ Conversion ^ Equivalent ^
+| 12 inches (in) | 1 foot (ft) |
+| 3 feet (ft) | 1 yard (yd) |
+| 5,280 feet (ft) | 1 mile (mi) |
+| 1 mile (mi) | 1,760 yards (yd) |
+| 1 mile (mi) | 63,360 inches (in) |
+===== Area =====
+^ Conversion ^ Equivalent ^
+| 1 square foot (sq ft) | 144 square inches (sq in) |
+| 1 square yard (sq yd) | 9 square feet (sq ft) |
+| 1 square rod | 272.25 square feet (sq ft) |
+| 1 acre | 43,560 square feet (sq ft) |
+| 1 acre | 4,840 square yards (sq yd) |
+| 1 acre | 160 square rods |
+| 1 section | 640 acres |
+| 1 township | 36 sections |
+| 1 square mile (sq mi) | 640 acres |
+| 1 hectare (ha) | ~2.471 acres |
+| 1 acre | ~0.4047 hectares (ha) |
+===== Volume =====
+^ Conversion ^ Equivalent ^
+| 1 cubic foot (cu ft) | 7.48 gallons |
+| 1 gallon | 4 quarts |
+| 1 quart | 2 pints |
+| 1 pint | 2 cups |
+| 1 cup | 8 fluid ounces (fl oz) |
+===== Quick Formulas =====
+  * Square / Rectangle Area: length × width
+  * Triangle Area: (base × height) ÷ 2
+  * Circle Area: π × r²
+  * Circle Circumference: 2πr
+===== Memorize These =====
+  * 1 acre = 43,560 sq ft
+  * 1 mile = 5,280 ft
+  * 1 section = 640 acres
+  * 1 hectare ≈ 2.471 acres
 ===== Exam Tip =====