Hamish has a business line of credit that has $154,000 borrowed on it and the interest rate

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Hamish has a business line of credit that has $154,000 borrowed on it and the interest rate is 3.3% compounded annually. He pays $1,800 monthly on it. How much can he deduct annually as a business expense?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Posted Date: Mar 03, 2022 10:37 PM

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Hamish has a business line of credit that has $154,000 borrowed on it and the interest rate

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Solution Given P 154000 R 33 T 1 year Since Px R x ... View the full answer

Engineering economy

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