[The following information applies to the questions displayed below) Javier and Anita Sanchez purchased a home on January 1 of year 1 for $1,000,000 by paying $200.000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes made interest-only payments on the loan in years 1 and 2 (Leave no answer blank. Enter zero if applicable.) c. Assume year 1 is 2020 and by the beginning of year 4, the Sanchezes have paid down the principal amount of the loan to $500.000. In year 4. they borrow an additional $100.000 through a loan secured by the home in order to finish their basement. The new loan carries a 7 percent interest rate and is termed a 'home equity loan" by the lender. What amount of interest can the Sanchezes deduct on the $100,000 loan? Manimum deductible rett exporte