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Assume that you presently have a monthly home mortgage with a stated interest rate of 7% APR, also assume that you are able to deduct

  1. Assume that you presently have a monthly home mortgage with a stated interest rate of 7% APR, also assume that you are able to deduct your interest on your tax return. If your income tax rate is 30% then the after-tax EAR for your home mortgage is closest to:

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