Question
Certain closing costs will be prorated to account for the period of time during which the seller occupied the house. Assume the annual tax amount
Certain closing costs will be prorated to account for the period of time during which the seller occupied the house. Assume the annual tax amount is $6,800. Calculate the daily tax amount, assuming a 365-day year.
Show your answer to 2 decimal points. For example, 21.38.
Upload your work below. How did you calculate the daily tax amount?
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
