Question: The answer is 372.60 but I dont know how it is so please show your work Certain closing costs will be prorated to account for
The answer is 372.60 but I dont know how it is so please show your work
Certain closing costs will be prorated to account for the period of time during which the seller occupied the house. If a transaction is scheduled to close on May 17 (136 days into a 365-day year), calculate the amount that the buyer will be credited if the particular closing cost in question is estimated to be $1,000 for the entire year. Multiple Choice $182.19 $372.60 $624.66 $1000
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
