Question
This month i made a mortgage payment of $700, of which $600 was an interest payment and $100 a payment of the loan principal. I
This month i made a mortgage payment of $700, of which $600 was an interest payment and $100 a payment of the loan principal. I am in a 25% marginal tax bracket. What is the tax savings as a result of this payment?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
