DQuestion 24 3.5 pts A borrower bought a house for $250,000, he can obtain an 80% loan with a 30-year fully amortizing, 6% interest rate and monthly payment. Assuming the marginal tax rate for the borrower is 25%. Maintain and insurance are currently $1,200 each per year, Selling cost is 6% of sale; property tax is 2% of the value each year, property value increases 5% per year. What is the first 3 month total interest deduction? $929.71 5729.25 5749.25 580451 Previous Next