Question

The interest that Takerra pays on her student loan is tax deductible. If she pays 7.9% APR interest on the loan and her margi
0 0
Add a comment Improve this question Transcribed image text
Answer #1

rate positively ..

After tax rate = before tax rate *(1-tax rate)
Before tax rate = 7.90%
tax rate = 20.00%
After tax rate = 7.9%*(1-20%) 6.32%
ans = 6.32%
Add a comment
Know the answer?
Add Answer to:
The interest that Takerra pays on her student loan is tax deductible. If she pays 7.9%...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT