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Alyssa bought a business for $ 1 0 0 , 0 0 0 on January 1 , 2 0 2 0 and put down 2

Alyssa bought a business for $100,000 on January 1,2020 and put down 20%, borrowing $80,000 from the bank. The 10-year mortgage has a 6.2% interest rate and annual payments beginning December 31,2020. What is the interest expense Alyssa will be able to put on her 2020 taxes?
**you will need to calculate the payment and then use the amortization function
Alyssa bought a business for $100,000 on January 1,2020 and put down 20%, borrowing $80,000 from the bank. The 10-year mortgage has a 6.2% interest rate and annual payments beginning December 31,2020. What is the interest expense Alyssa will be able to put on her 2020 taxes?
**you will need to calculate the payment and then use the amortization function
$6,012
$4,960
$7,515
$6,200

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