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an employee's employer provides him with a five year loan of $ 2 1 5 , 0 0 0 . the loan was granted on

an employee's employer provides him with a five year loan of $215,000. the loan was granted on March 1 at an interest rate of 1.3 percent. assume that, at the time the loan was granted and throughout the remainder of the year, the relevant prescribed rate was 3 percent. what is the amount that will be included in the employee's net employment income?

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