Real Estate Math
A NH buyer finances $265,000 at 6.75% annual interest. What is the interest due for the first 15 days of ownership (daily interest)?
A$736.56✓ Correct
B$1,491.56
C$49.10
D$736.90
Explanation
Daily interest = $265,000 × 0.0675 / 365 = $49.
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