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  • 21-02-2024
  • Business
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What is the amount of interest that the seller will owe the buyer for a closing date of August 10 on an outstanding loan balance of $43,580 at a 6% interest rate, with the last payment made on August 1, using prorations through the day of closing with a statutory year?
a) $227.45
b) $231.20
c) $234.50
d) $239.60

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