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On January 1, 2020, your sister's pet supplies business obtained a 30-year amortized mortgage loan for R250,000 at a nominal annual rate of 7.0%, with

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On January 1, 2020, your sister's pet supplies business obtained a 30-year amortized mortgage loan for R250,000 at a nominal annual rate of 7.0%, with 360 end-of-month payments. The firm can deduct the interest paid for tax purposes. What will the interest tax deduction be for 2020? A. R18126.85 B. R17419.55 C. R17769.68 D. R17947.38 E. R17593.75

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