You are the buyer and are getting ready to close on your new home. The closing date is scheduled for May 10th. The tax bill is due to arrive on August 1st and you will be responsible for paying that in full post closing. After discussions with the seller, you have agreed that the date of closing will be yours. Based on last year's taxes and the historical rate of growth, you estimate the tax bill will be $4,500. Assuming a 365-day year, how much will the seller need to pay you at closing to cover her share of the taxes?

hint: make a timeline to allocate the days between buyer and seller.

You may upload a spreadsheet with your calculations or a Word document that explains in detail how you did your calculations.