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Sharif is planning to buy a new car for personal use and will need to take out a loan.His sources of the financing include (1)a loan from the car dealership charging 6% interest, (2)a loan from his brokerage firm secured against his stock portfolio charging 6.2% and (3)a home equity bank loan secured against his home charging 7%.Sharif has AGI of $150,000 and does itemize his deductions.He is in the 28% tax bracket.Discuss how income taxes can influence his decision regarding the source of financing.
Foreign Exchange
The trading of currencies from different countries, determining the exchange rates based on supply and demand.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase.
Domestic Market
The marketplace within a country's borders where goods and services are bought and sold, as opposed to international or export markets.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to assess its relative purchasing power.
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