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

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase