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Question - Sylvia graduated from college last year and started repaying her student loans. She received a statement from the bank showing she paid $2,750 in interest on her student loans for the year. Her total income before adjustments is $38, 500, and she meets all requirements to be able to deduct the interest. How much, if any, will Sylvia be allowed to deduct as an adjustment to her income?
A) $0
B) $1,375
C) $2,500
D) $2,750
What are the effective interest rates on these loans and Which loan should they select
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