Real Estate Math
A Kansas buyer closes on April 15. Annual taxes of $2,400 are paid in arrears. How much does the seller owe at closing (seller's days: Jan 1 – Apr 15 = 105 days)?
A$563.01
B$690.41✓ Correct
C$789.04
D$836.16
Explanation
Daily tax = $2,400 ÷ 365 = $6.575.
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