Real Estate Math
A Virginia buyer closes on October 15. The seller has paid the full year's property taxes of $3,000. What credit is the buyer entitled to for the seller's tax prepayment? (Use 365 days)
A$689
B$699
C$628✓ Correct
D$650
Explanation
Remaining days after Oct 15: Oct 16-31 = 16 days, Nov = 30, Dec = 31. Total = 77 days.
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