Question1: 20 points (SHOW YOUR CALCULATION) On September, 19th, 2012, a promise to purchase on a duplex was accepted
Posted: Tue Jan 18, 2022 12:58 pm
Question1: 20 points (SHOW YOUR
CALCULATION)
On September, 19th, 2012, a promise to purchase on a duplex was
accepted for the amount of $350 000. The signing at the notary will
take place on October 29th, 2012. Fill out the
adjustments table on the following page and proceeds of sale
calculation.
Total
$__________________
$________________
Description Vendor owes Purchaser Owes Interest on mortgage: From: to Number of days: Interest rate Balance on mortgage: Municipal taxes: From: to Number of days: Interest rate Total: _x (number of days /365) School taxes: From: to Number of days: _Interest rate x (number of days Total: /365) Rental income/condo fees: From: Number of days: Interest rate Total: _x (number of days /365) Fuel Oil: lices at $ /litre x taxes Total $
CALCULATION)
On September, 19th, 2012, a promise to purchase on a duplex was
accepted for the amount of $350 000. The signing at the notary will
take place on October 29th, 2012. Fill out the
adjustments table on the following page and proceeds of sale
calculation.
Total
$__________________
$________________
Description Vendor owes Purchaser Owes Interest on mortgage: From: to Number of days: Interest rate Balance on mortgage: Municipal taxes: From: to Number of days: Interest rate Total: _x (number of days /365) School taxes: From: to Number of days: _Interest rate x (number of days Total: /365) Rental income/condo fees: From: Number of days: Interest rate Total: _x (number of days /365) Fuel Oil: lices at $ /litre x taxes Total $