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A homeowner has a mortgage with an annual interest rate of 10% and a consumer loan that charges 12%. If the homeowner has a 28% marginal tax rate - what are the after-tax costs of these two forms of borrowing?

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A homeowner has a mortgage with an annual interest rate of 10% and a consumer loan that charges 12%. If the homeowner has a 28% marginal tax rate - what are the after-tax costs of these two forms of borrowing?






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