1 in 2012 you purchased a small office building for 450000, Ask an Expert

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1. In 2012 you purchased a small office building for $450,000, which you financed with a $337,500 fixed-rate, 25 year mortgage. Up-front financing costs totaled $6,750. How much of this upfront financing expense could be written off against ordinary income in 2012? show work.

2. Five years ago you invested $16561 at a 5% market interest rate.

If the inflation rate is 4%, what is the current constant dollar value of your investment?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92745472

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