sophkeis9793 sophkeis9793

23-09-2019
Business

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The buyers are assuming the seller's loan. The closing is on June 15th. The loan balance is $60,000 and the interest rate is 5%. Interest is paid at the end of the month. At the closing the sellers will owe the buyers how much in prorated interest for the month

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ujgerman ujgerman

30-09-2019

Answer:

At the closing the sellers will owe the buyers how much in prorated interest for the month

$1500

Explanation:

Closing June15th 60000

5%

3000 30 days

1500 15 days

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