Business, 13.02.2020 20:22 jazzy2742

The seller and the buyer agreed to a purchase price of $270,000 with the closing to occur on June 15. The seller’s loan balance after the June 1 payment was $170,000. with an interest rate of 6%.The monthly payment was $1,800 principal and interest. What was the loan balance the day of closing, and how much interest did the seller owe the bank?

Loan balance $171,800; interest due $850

Loan balance $170,000; interest due $2,550

Loan balance $270,000; interest due $862.50

Loan balance $170,000; interest due $425

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The seller and the buyer agreed to a purchase price of $270,000 with the closing to occur on June 15...

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