Is interest on money borrowed to pay tax deductible Alaska

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

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    • Be suspicious if you are asked for money in advance;
    • Visit the place where you are going to apply for a loan and make sure that the logo is there;
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    • Check with the authorized financial institutions to ensure that you can turn to in case of any problem or disagreement.