Question
_ 13. Karabo Investments (K.I) purchased a property using a R945,000 mortgage amortized over 15 years at 6.25 percent interest. The first mortgage payment was
_ 13. Karabo Investments (K.I) purchased a property using a R945,000 mortgage amortized over 15 years at 6.25 percent interest. The first mortgage payment was on May 1st of this year. How much interest will K.I be able to deduct for this loan this year?
A. R43,693
B. R38,906
C. R39,375
D. R57,950
E. None of the above; the correct answer is __________.
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Foundations Of Finance
Authors: Arthur J Keown, John D Martin, J William Petty
7th Edition
0133370356, 9780133370355
