Ted incurs 2100 interest on his automobile loan 120, Ask an Expert

Finance

Ted incurs $2,100 interest on his automobile loan, $120 interest on a loan to purchase a computer for personal use, $630 interest on credit cards, and $1,100 investment interest expense. Ted has net investment income of $850. Ted's deductible interest is:

A. $850.

B. $1,100.

C. $2,950.

D. $3,200.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9208778

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