3. Assume your home is assessed at $200,000. You have a $150,000 loan for 15 years at...
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3. Assume your home is assessed at $200,000. You have a $150,000 loan for 15 years at five percent. Your property tax rate is two percent of the assessed value. Assume you are in a 28 percent federal income tax bracket. By what amount your federal income tax is lowered?
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