$1$ point

Q$21-$Q$22$ are based on the same assumptions as follows:

You bought a house with a $15-$year mortgage with loan size $$200,000$ and interest rate $4\%.$ Assuming the total transaction cost is $$8,000$

and your marginal income tax rate is $30\%.$

What is the annual effective cost of this loan after$-$tax if your loan will be outstanding for $1$ month?

$52\mathrm{.}92\%$

$57\mathrm{.}48\%$

$43\mathrm{.}98\%$

$63\mathrm{.}98\%$