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How much will alana owe in prorated taxes and interest

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Reference no: EM132497163

Question 1: Alana is closing a house in July 15. The buyer owns the property on the day of closing. The selling price of the home is $250,400. Alana was accepted for a 15-year fixed-rate mortgage for $232,100 at 5.75% interest. The seller has paid $3,197.66 in property taxes for the coming year. How much will Alana owe in prorated taxes and interest?

A. $1,708.30

B. $2,110.72

C. $621.52

D. $1,489.20

Reference no: EM132497163

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