User Account

All Pages

Borrowings under the heloc

Assignment Help Finance Basics
Reference no: EM131073984

A home equity line of credit (HELOC) is, loosely speaking, like a credit card for your home. You can borrow money by drawing down on the line of credit. But, because the borrowed money is for the purpose of your home, the interest is tax-deductible meaning that you can deduct the interest paid on this money from your income to reduce your taxes. If the current annual interest rate on a HELOC is3.85%and your tax rate is 32%, what is the after-tax interest rate you will pay on any borrowings under the HELOC?

Reference no: EM131073984

Questions Cloud

Increase government spending and raise taxes : Suppose Congress had chosen to both increase government spending and raise taxes by the same amount in 2009. What increase in government spending and taxes would have been required to prevent the decline in output in 2009?
Developing an organization strategic marketing plan : For the final Portfolio Project you will create a professional presentation (using MS PowerPoint or a similar application) developing an organization's strategic marketing plan that you could share with the organization's board of directors
Compare and contrast differences in setting boundaries : Explain why it is important to set boundaries with peers, supervisors, and subordinates - Why is it important to have boundaries?
Supply of tomatoe juice decreased : Suppose that Campbell's, a major food manufacturer in the United States, can produce either canned soup or canned tomato juice. As a result of an increase in the cost of tomatoes, Campbell's decides to produce more soup and less tomato juice. You cor..
Borrowings under the heloc : If the current annual interest rate on a HELOC is3.85%and your tax rate is 32%, what is the after-tax interest rate you will pay on any borrowings under the HELOC?
Analyze the value of these devices in healthcare setting : Analyze the value of these devices in your healthcare setting. Describe how you would protect such technology and the information that it contains, using this week's reading and your own research
Increased to prevent a decrease in output : We found GDP in 2010 was roughly $15,000 billion. You learned in Chapter 1 that GDP fell by approximately 3 percentage points in 2009. Use the simplest model of fiscal policy from Chapter 3 to answer the following. How many billion dollars did GDP fa..
Why might the insurer stop payment : 1. Why might the insurer stop payment after 2 years? 2. What might Ms. Byrd do to receive payments again? 3. How could she have prevented this problem when she was selecting a disability income policy?
What is the difference between sharing and helping : What is the origin of altruism? What is the difference between sharing and helping?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd