Real Estate MathProrationsMEDIUM
Newton buys a property closing September 1st. The seller prepaid annual taxes of $2,000. How much does Newton owe the seller?
Correct Answer
C) $666.68
Newton owes for Sept-Dec (4 months). $2,000 ÷ 12 × 4 = $666.67 ≈ $666.68
Answer Options
A
$166.66B
$500.00C
$666.68D
$1,750.00Audio Lesson3 min
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