Rosie Malone sold her house to DM Band. The contract was signed on June and closing was set for June Rosie had prepaid her threeyear pest and termite protection policy in the amount of $ on April and DM agreed to assume it at closing. Water and sewer are paid the first of each month for the previous month. They are estimated to total $ for June. DM also agrees to assume Rosies mortgage, which will have a balance of $ on date of closing. Monthly payments are $ with interest for June of $ payable on the first of the month for the previous month. The seller is responsible for the day of closing.Rosie Malone sold her house to DM Band. The contract was signed on June and closing was set for June Rosie
had prepaid her threeyear pest and termite protection policy in the amount of $ on April and DM agreed to assume it at
closing. Water and sewer are paid the first of each month for the previous month. They are estimated to total $ for June. DM also
agrees to assume Rosie's mortgage, which will have a balance of $ on date of closing. Monthly payments are $ with
interest for June of $ payable on the first of the month for the previous month. The seller is responsible for the day of closing.
Required:
How would the pest and termite protection premium be prorated?
Note: Round intermediate calculations to decimal places and your final answers to decimal places.