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Question 101 Your brother's business obtained a 30-year amortized mortgage loan for $125,000 at a nominal annual rate of 7.0%, with 360 end-of-month payments. The

Question 101 Your brother's business obtained a 30-year amortized mortgage loan for $125,000 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 Year 1? O a. 58,100.09 b. $10,800.12 O c. $8,012.99 O d. $7.229.11 e. 58,709.78 5. Olon Key 17. MacBook Air 6 7 8 9

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