A home having an annual tax bill of 2,400 was sold at the end of the tenth month of the taxable year. The seller had already paid the entire tax for the year. How much tax was the seller reimbursed on proration of taxes at the time of the sale?
Question 2
Nick Yeager, an accountant, will retire in 11 years. Nick invests 10,00 . every year into a fund that promises to return 9 compounded annually. Compute the total amount that he will have at the end of 11 years. Use Tables 23-1A and 23-1B or a calculator.
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