In 200-250 words, given Ms. Jones' situation as described here, answer and discuss the following:

• What amount is deductible on the interest Ms. Jones currently pays if she is in the 28% tax bracket?
• If Ms. Jones purchases the new condominium, how would this affect her income tax? Analyze the investment from the perspective of tax savings.
• What should Ms. Jones consider before making this decision?
• What calculations should Ms. Jones make?
• What other savings would Ms. Jones realize?