Question
4pg.6. On April 1, year 1, Mary borrowed $200,000 to refinance the original mortgage on her principal residence. Mary paid 4 points to reduce her
4pg.6. On April 1, year 1, Mary borrowed $200,000 to refinance the original mortgage on her principal residence. Mary paid 4 points to reduce her interest rate from 6 percent to 5 percent. The loan is for a 30-year period. How much can Mary deduct in year 1 for her points paid?
A. $200. B. $150. C. $4,500. D. $6,000.
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ISO 14010s Environmental Auditing Tools And Techniques For Passing Or Performing Environmental Audits
Authors: W. Lee Kuhre
1st Edition
0133802051, 978-0133802054
