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02-01-2023
Business

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Javier and anita sanchez purchased a home on january 1 of year 1 for $1,000,000 by paying $200,000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. the sanchezes made interest-only payments on the loan in years 1 and 2. (leave no answer blank. enter zero if applicable. ) problem 14-46 part a a. assuming year 1 is 2017, how much interest would the sanchezes deduct in year 2?

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