ted, who is single, owns a personal residence in the city. he also owns a condo near the ocean. he uses the condo as a vacation home. in march of the current year, he borrowed $50,000 on a home equity loan and used the proceeds to acquire a luxury automobile. during the year, he paid the following amounts of interest. On his personal residence $15,500 On his condo 6,200 On the home equity loan 4,800 On credit card obligations 1,700