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Question
A 9% amortized loan with a November 1 balance of $40,000 requires the payment of principal and interest at the first of each month. If prorating is done as of the 20thof November, thea. buyer owes the seller $100.
b. buyer owes the seller $200.
c. seller owes the buyer $100.
d. seller owes the buyer $200.
Answer
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Related questions
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