The buyers are assuming the seller's loan. The closing is on June 15th. The loan balance is $60,000 and the interest rate is 5%. Interest is paid at the end of the month. At the closing the sellers will owe the buyers how much in prorated interest for the month

Respuesta :

Answer:

At the closing the sellers will owe the buyers how much in prorated interest for the month

$1500

Explanation:

Closing June15th  60000  

                               5%  

                          3000 30 days

                           1500 15 days