Real Estate Math
A South Dakota property taxes of $3,600/year have been paid in full. Closing is June 1. What is the buyer's portion of the taxes (assuming taxes paid in advance)?
A$1,800
B$2,100✓ Correct
C$1,785
D$1,500
Explanation
Taxes per month = $3,600 ÷ 12 = $300. From June 1 to Dec 31 = 7 months.
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