Alice is closing on a house on Aug 13t the buyer owens the property on the day of the closing. the selling price of the home is 350,700. Alice was accepted for a 20 year fixed-rate mortage for 324900 at 5.25% interest. the seller has paid 4478.51. In property taxes for the coming year. How much will Alice owe in prorated taxes and interest?
Alice is closing on a house on Aug 13t the buyer owens the property on the day of the closing. the selling price of the home is 350,700. Alice was accepted for a 20 year fixed-rate mortage for 324900 at 5.25% interest. the seller has paid 4478.51. In property taxes for the coming year. How much will Alice owe in prorated taxes and interest?
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 38P
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Alice is closing on a house on Aug 13t the buyer owens the property on the day of the closing. the selling price of the home is 350,700. Alice was accepted for a 20 year fixed-rate mortage for 324900 at 5.25% interest. the seller has paid 4478.51. In property taxes for the coming year. How much will Alice owe in prorated taxes and interest?
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