CORRECT ME 4 MEDAL [WORK IS SHOWN]

Lacey and Rick have signed a contract to purchase a home. The closing date is June 27, and the buyer owns the property on the day of closing. The selling price of the home is $812,500. Lacey and Rick obtained a fixed-rate mortgage from a bank for $675,000 at 7.45% interest. The seller has already paid $14,878.15 in property taxes for the coming year. How much will Lacey and Rick owe in prorated expenses?
$8,213.96

$65,165.65

$7,662.88

$25,900.76

Question

CORRECT ME 4 MEDAL [WORK IS SHOWN]

Lacey and Rick have signed a contract to purchase a home. The closing date is June 27, and the buyer owns the property on the day of closing. The selling price of the home is $812,500. Lacey and Rick obtained a fixed-rate mortgage from a bank for $675,000 at 7.45% interest. The seller has already paid $14,878.15 in property taxes for the coming year. How much will Lacey and Rick owe in prorated expenses?
$8,213.96

 $65,165.65

 $7,662.88

 $25,900.76

anonymous · Answer

Jan 31
Feb28
March31
April 30
May 31
June 26 +
---------
=177 days

365-177=188 days**

14878.15/365=40.76
40.76*188 = 7662.88

675000*0.00745/365=137.77
137.77*4=551.08

7662.88+551.08=8213.96

anonymous · Answer

My answer is right ! :D nevermind :3