Real Estate Math
A buyer closes on September 15. Annual taxes of $4,200 have not been paid. Using 365 days, how many days does the seller owe the buyer for tax proration?
A255 days
B258 days
C260 days
D257 days✓ Correct
Explanation
Jan 1–Sept 15: Jan(31)+Feb(28)+Mar(31)+Apr(30)+May(31)+Jun(30)+Jul(31)+Aug(31)+15 days = 258 days. (For a non-leap year.
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