Personal Finance, 6e (Madura) Chapter 10 Purchasing and ...
15) Is purchasing a home an expense, an investment, or both? Answer: It is an expense since the interest expense and taxes are tax-deductible. A home builds equity through appreciation, and a loan can be obtained on the equity. Therefore, the purchase of a home is an expense and an investment. Diff: 1 Question Status: Revised ................
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