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An individual with a 25% income tax rate obtains a mortgage loan at a 6% fixed annual interest rate .His after tax rate is..........( show
An individual with a 25% income tax rate obtains a mortgage loan at a 6% fixed annual interest rate .His after tax rate is..........( show the work plz)
A)1.50%
B)4.50%
C)5.75 %
D) none of the above , the correct answer is -----------------
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