Annual Property Taxes for the Home That Jane and Gavin

Multiple Choice

Annual property taxes for the home that Jane and Gavin Smith are purchasing are $2,400. The taxes are due on April 30^th of each year. The Smiths are closing on the home on July 15. Their first mortgage payment will be made on September 1. What is the maximum deposit amount that the lender can require for the Smith's account?

A) $400.00
B) $600.00
C) $900.00
D) $1,200.00