Your brother's business obtained a 30-year amortized mortgage loan for $175,000 at a nominal annual rate of 7.4%, with 360 end-of-month payments. The firm can deduct the interest paid for tax purposes. What will the interest tax deduction be for Year 1?   a. $1,645.03     b. $14,539.98     c. $12,950.00     d. $11,825.05     e. $12,894.95

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