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Calculate the interest deduction on an income tax return plus the required down payment using...

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Accounting

Calculate the interest deduction on an income tax return plus the required down payment using a 1st 2nd and 3rd mortgage on each investment property costing the following amounts: $485,000, $925,000.00, $1,100,000.00, $1,600,000.00, $2,400,000.00 Note: 3rd mortgage interest is 20%

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