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Please show calculation process ( no excel) 1. You are considering a home equity loan. Your marginal tax bracket is 25%. You want to borrow

Please show calculation process ( no excel)

1. You are considering a home equity loan. Your marginal tax bracket is 25%. You want to borrow $30,000 and are quoted an APR of 10%. How much money would you save in taxes each year if you use the tax-deductible home equity loan

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