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    Personal Finance Study Set 13
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    Exam 9: Personal Loans
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    If You Borrow an $8,000,6
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If You Borrow an $8,000,6

Question 95

Question 95

Multiple Choice

If you borrow an $8,000,6.75% home equity loan,what is your tax savings for one year assuming your marginal income tax rate is 15%?


A) $540
B) $81
C) $270
D) $162

Correct Answer:

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