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3 years ago

Please help

Mathematics

1 answer:

dsp733 years ago

3 0

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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