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Gordon was able to borrow $ 1 2 0 , 0 0 0 from his employer on January 1 st last year at a rate
Gordon was able to borrow $ from his employer on January st last year at a rate of compounded annually assuming the prescribed rate was for the first quarters of the year and for the last quarters of the year, what was Gordon's taxable benefit last year as a result of the loan he obtained from his employer?
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