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If a new car loan and a home equity loan carry identical interest rates and the borrower itemizes deductions, a.) the home equity loan is
If a new car loan and a home equity loan carry identical interest rates and the borrower itemizes deductions,
a.) the home equity loan is preferred because the interest payment is tax-deductible
b.) the auto loan is preferred because the interest payment is tax-deductible
c.) neither is preferred because the interest payments on both are tax-deductible
d.) neither is preferred because neither has deductible interest payments
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