Question
A small office building is purchased of $1,200,000 with a mortgage loan that has a 12% interest rate and will be amortized over 20 years
A small office building is purchased of $1,200,000 with a mortgage loan that has a 12% interest rate and will be amortized over 20 years with monthly payments. What annual amount can be deducted for tax purposes for the first year ?
| a. | $ 15,384 | |
| b. | $ 143,172 | |
| c. | $ 158,556 | |
| d. | $ 13,213 |
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Mathematics Of Finance
Authors: Robert Brown, Steve Kopp, Petr Zima
8th Edition
0070876460, 978-0070876460
