1 answer:
Answer:
$147,848.5
Step-by-step explanation:
Fixed rate =7.35%
Mortgage Loan= $685,000
Selling price=$782,000
Property tax paid= $14,578.15
Therefore,
Prorated Amount Owed= Outstanding balance on the house + Interest paid on the loan for the year
Prorated Amount Owed=(782500-685000)+7.35% of 685000
=97500+50347.5
=$147,847.5
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