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Business, 26.02.2020 06:25 JANA279

Your brothers business obtain a 30 year amortized mortgage loan for $300,000 nominal annual rate of 7% 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 one?

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Your brothers business obtain a 30 year amortized mortgage loan for $300,000 nominal annual rate of...

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