What is the impact on the interest income

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Reference no: EM131998079

1. A bank issues a $100,000 variable-rate, 25 years mortgage with a nominal annual rate of 4.5%. If the required rate increases to 5.0% after the first 6 months, what is the impact on the interest income for the first 12 months?

2. In which of the following scenarios will a tax treaty benefit reduce the amount of Foreign tax credit available to a taxpayer must be physically present in the US for at least how many days (1) 90 (2) 183 (3) 242 (4) 365

Reference no: EM131998079

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