Certain Closing Costs Will Be Prorated to Account for the Period

Multiple Choice

Certain closing costs will be prorated to account for the period of time during which the seller occupied the house. If a transaction is scheduled to close on May 17 (136 days into a 365-day year) , calculate the amount that the buyer will be credited if the particular closing cost in question is estimated to be $1,000 for the entire year.

A) $182.19
B) $372.60
C) $624.66
D) $1000