_ 13. Karabo Investments (K.I) purchased a property using a R945,000 mortgage amortized over 15 years at
Fantastic news! We've Found the answer you've been seeking!
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 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 __________.
Expert Answer:
Posted Date:
