You have a $58,400 15-year loan with an APR of 6.5%? Assuming you are in the 22 percent marginal tax brackets; how much tax shelter you would have lost had you opted for a 10-year loan instead of the original 15-year loan?

You have a $58,400 15-year loan with an APR of 6.5%? Assuming you are in the 22 percent marginal tax brackets; how much tax shelter you would have lost had you opted for a 10-year loan instead of the original 15-year loan?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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