Exam (elaborations)
VanEd Summary Exam 3 2023/2024
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VanEd Summary Exam 3 2023/2024 For a July 9 closing, with the buyer assuming a 6.75 percent loan with a balance of $121,753.43 and seller has made the July 1 payment, what is the interest on the loan assumed? - ANSWER-Debit Seller & Credit Buyer $176.74 - Closing Statements $121,753.43 x .0675 =...
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