Your brother's business obtained a 30-year amortized mortgage loan for $150,000 at a nominal annual...
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Your brother's business obtained a 30-year amortized mortgage loan for $150,000 at a nominal annual rate of 7.0%, with 360 end-of-month payments. The firm can deduct the interest paid for tax purposes. What will the interest tax deduction be for Year 1? O $10.451.73 O $11,183.35 O $11,287.87 0 $12,228.52 O $8,570.42
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