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Business, 10.10.2019 22:00 gcristhian8863

Adams is selling his property to katter for $94,000, and katter is assuming an existing mortgage at 4 1/2% interest per annum, with an unpaid balance of $9,200. mortgage payments are due the first of each month and include interest up to, but not including, the day of payment. the last payment was made march 1, and settlement is to be march 26. compute the interest proration that will be credited to the buyer, using a 365-day year and holding the buyer responsible for the day of closing.

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Adams is selling his property to katter for $94,000, and katter is assuming an existing mortgage at...
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