I want to ask why the answer is 241

Thanks.

Lien Jones works for the Bank of Montreal. The bank provides loans to its employees at an annual interest rate of 3%. On April 1 of the current year the bank provides Lien with an employee loan in the amount of $24,000 at the annual interest rate of 3%. The loan requires annual principal repayments of $3,000 on April 1 o each year. Lien makes the first annual repayment in the following year. Assume that Canada Revenue Agency's prescribed interest rates for the current year are as follows: * Q1 (Jan. 1 to Mar. 31) 5% * Q2 (Apr. 1 to June 30)-4% * Q3 (July 1 to Sept. 30) : 5% Q4 (Oct. 1 to Dec. 31)+4% Calculate the taxable benefit to be included in employment income for Lien Jones in the current year.Round your answer to the nearest dollar Choose the correct answer , $241 B. $1,440 OC. $1,080 O D. $784