Real Estate Math
A Nebraska seller closes on March 15. Annual property taxes of $5,400 are paid in arrears. Using a 30-day month, how many days of taxes does the seller owe (Jan 1 – March 15)?
A74 days✓ Correct
B75 days
C73 days
D70 days
Explanation
January = 30, February = 30, March 1–15 = 15 days. Total = 30 + 30 + 15 = 75 days.
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