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Dina loans $30,000 to her daughter Erin and does not charge any interest. Erin has investment income of $1,600 and investment expenses of $200. Assume
Dina loans $30,000 to her daughter Erin and does not charge any interest. Erin has investment income of $1,600 and investment expenses of $200. Assume that the applicable federal rate is 5%. How much interest must be imputed on the loan?
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