Tom wants to clear $90,000 when he sells his property. He must pay a 7% commission, $250 in closing cost, and $300 to the attorney who assisted in the transaction. What should he sell the property for?
(a) $96,850
(b) $96,774
(c) $97,365
(d) $97,324
Answer: (c) $97,365
Business
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Fill in the blank(s) with the appropriate word(s).
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Jeremy did not designate a specific settlement option to be paid upon his death. How will the death benefit proceeds be distributed?
A) Fixed-period benefits B) Lump-sum payments C) Fixed-amount benefits D) Interest-only payments"
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