Real Estate Math
A Colorado property closes on June 15. Annual property taxes of $3,650 are paid in arrears (seller owes taxes for January 1 through June 15). How many days is the seller responsible for (non-leap year)?
A155 days
B165 days
C166 days✓ Correct
D167 days
Explanation
January (31) + February (28) + March (31) + April (30) + May (31) + June 1-15 (15) = 31+28+31+30+31+15 = 166 days.
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