Interest paid for tax purposes, Business Management

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Interest paid for tax purposes

On Jan 1, 2009, your brothers business obtained a 30year amortized mortgage loan for 250000 at a nominal annual rate of 7% with 360 end of the month payments. The firm can deduct the interest paid for tax purposes. What till the interest tax deduction be for 2009.

17419.55

17593.75

17769.68

17947.38

18126.85

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Business Management: Interest paid for tax purposes

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