Question
23. Green Realty Inc. has obtained a loan to purchase an apartment building. The loan amount is $2,500,000. The annual interest rate is 5%. The
23.Green Realty Inc. has obtained a loan to purchase an apartment building. The loan amount is $2,500,000. The annual interest rate is 5%. The amortization period is 30 years. The loan term is 5 years.What is the monthly payment for this loan?
Select one:
A. $50,259.34
B. $16,971.25
C. $13,420.54
D. $47,178.08
16.The value of your house (your primary residence) is $305,000. The lot value is $65,000. The depreciation recapture rate is 25%. How much can you deduct in depreciation per year from your taxable income?
Select one:
A. $0
B. $58,250
C. $60,000
D. $76,250
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