Real Estate Math
An Indiana seller accepts a purchase contract and must vacate 3 days after closing. If closing is May 1, the seller's rent-back at $120/day lasts through May 3. How much does the seller owe the buyer?
A$120
B$240
C$360✓ Correct
D$480
Explanation
Rent-back = 3 days × $120/day = $360. Using the values given ($120), apply the appropriate formula..
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