7. Frank Fulton purchased a one-year homeowner's policy on January 12 and paid the $730 premium in full. He sold the home and closed on October 23. How much was Mr. Fulton's credit at closing using a reglar calendar year if the buyer assumed the policy and the policy was prorated to the day of closing a. $162.00 b. $568.00 c. $164.25 d. $565.75 8. Ray Tho and close the sal mas paid the $844 insurance premium for a one-year policy on March 18. He will sell his home le on November 26. When the buyer assumes the policy, how much will the prorated unt be using a regular calendar year if Mr. Thomas pays through the day of closing? a. $253.66 c. $260.23 d. $254.36 b. $256.67 9. The sale of Mrs. Gaston's home will close on September 28. Included in the sale is a garage apartment that is rented to Cindy Hart for $525 per month. Ms. Hart paid the security deposit of two months' rent when she leased the apartment and has paid the September rent. What is the rent proration? a. $35 b. $1,085 c. $490 d. $1,540 An apartment complex contains 100 units, of which 50 units are one-bedrooms and rent for $600 per month: 30 units are two-bedrooms and rent for $825 per month; 20 units are three-bedrooms and rent for $1,100 per month. Prorate the rent for a closing in a leap year on February 18, assuming all units are occupied and have paid the rent for February. a. $30,151.79 b. $29,112.07 10. c. $27.410.7 d. $26,465.52