At the end of September 2019, Dave takes out a 15-year $100,000 mortgage with level monthly payments

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Question:

At the end of September 2019, Dave takes out a 15-year $100,000 mortgage with level monthly payments beginning at the end of October 2019. Interest is charged at a nominal rate of 4.8% convertible monthly. Each year, Dave will be able to claim a tax deduction for interest payments on the loan.

What will Dave’s tax deduction be for calendar year 2023?

Possible answers are:

a). 3,912

b). 4,800

c). 3,856

d). 3,934

e). 4,226