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A small office building is purchased of $1,200,000 with a balloon mortgage that is due at the end of year 10. Payments are based on

A small office building is purchased of $1,200,000 with a balloon mortgage that is due at the end of year 10. Payments are based on a 25 year amortization period. If one point was charged, what annual amount can be deducted for tax purposes?

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