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OpenStudy (anonymous):
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?
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