Calculate the future value of $7,000 earning 6% interest compounded quarterly for 7 years. (Round your answer to two decimal places.)

Linda and ralph have signed a contract to purchase a home. the closing date is april 27, and the buyer owns the property on the day of closing. the selling price of the home is $782,500. linda and ralph obtained a fixed-rate mortgage from a bank for $685,000 at 7.35% interest. the seller has already paid $14,578.15 in property taxes for the coming year. how much will linda and ralph owe in prorated expenses? (3 points) $64,925.65 $34,347.06 $10,496.82 $9,945.06