Real Estate Math
A Wisconsin seller's taxes are $4,800/year. Closing is on April 30. Using a 365-day year, how many days does the seller owe? (Jan=31, Feb=28, Mar=31, Apr=30)
A118 days
B119 days
C120 days✓ Correct
D121 days
Explanation
Days: Jan(31) + Feb(28) + Mar(31) + Apr(30) = 120 days. Seller owes 120/365 × $4,800 = $1,578.08. Using the values given ($4,800), apply the appropriate formula.. The correct answer is 120 days.. This is a common calculation on the Wisconsin real estate exam.
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