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You originated a $100,000 30-year FRM Loan at 4.2% on January 1st of this year with no fees. What is your total mortgage interest deduction
You originated a $100,000 30-year FRM Loan at 4.2% on January 1st of this year with no fees. What is your total mortgage interest deduction from taxable income? Hint: You need to solve for how much interest you paid on your loan during its first 12 payments. Please round your answer to the nearest whole dollar.
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