In June of this year, Charles purchased his first home for $260,000 and financed the purchase with a 30-year, $200,000 mortgage. He paid $4,000 in points to receive a lower interest rate on the loan. As of the end of the year, Charles had also paid $7,614 in interest on the loan by making his monthly installment payments. How much can he claim as mortgage interest on his Schedule A itemized deductions? O $7,614 O $9,614 O $7,747 2 pts O $11,614

2 pts In June of this year, Charles purchased his first home for $260,000 and financed the purchase with a 30-year, $200,000 mortgage. He paid $4,000 in points to receive a lower interest rate on the loan. As of the end of the year, Charies had also paid $7.614 in interest on the loan by making his monthly installment payments. How much can he claim as mortgage interest on his Schedule A itemized deductions? $7,614 $9,614 $7.747 $11,614