Question

Help plz Lucia and Randy have signed a contract to purchase a home. The closing date is March 27, a

the buyer owns the property on the day of closing. The selling price of the home is $852,500

Lucia and Randy obtained a fixed-rate mortgage from a bank for $665,000 at 7.55% interest

The seller has already paid $15,378.15 in property taxes for the coming year. How much will

Lucia and Randy owe in prorated expenses?

Answer 1

Answer:

L

Step-by-step explanation:

Answer 2

Answer:

Lacey and Rick will owe $ 7662.88  in prorated expenses

Step-by-step explanation:

The number of days till june 27 us

Jan 31 +  Feb 28   + March 31  + April 30  +  May 31  + June 26 =177 days

In a year we have 365 days

The owner has paid tax for 177 days

Now  Lacey and Rick have to pay tax for  =365 -177 days  = 188 days

Now  for one day tax amount will be

=

= 40.76

Now the tax amount for 188 days is

=

= 7662.88

Step-by-step explanation:

Hope it helps >_<