Final answer:
The Mathematics question asks about calculating the seller's credit at closing for prepaid annual HOA fees, which involves proportional allocation. The seller will receive a credit of $700 at closing for the seven months of the buyer's responsibility.
Step-by-step explanation:
The subject of this question is Mathematics, specifically dealing with the concept of proportional allocation of expenses in real estate transactions. To determine the seller's credit at closing for the prepaid annual HOA (Homeowners Association) fees, first calculate the monthly HOA fee by dividing the annual fee by 12 months. The annual fee is $1,200, so the monthly fee is $1,200 / 12 = $100. If the buyer is responsible for seven months of HOA fees, then the buyer's portion amounts to 7 multiplied by the monthly fee, which totals $700. Therefore, at closing, the seller will receive a credit of $700 for the prepaid HOA fees for the months the buyer is responsible.