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Kareem loaned his daughter Veneia $200,000 at a rate of 2% compounded annually. Assume that the Federal rate applicable to the loan is 5% through

Kareem loaned his daughter Veneia $200,000 at a rate of 2% compounded annually. Assume that the Federal rate applicable to the loan is 5% through June 30 and 6% from July 1 through December 31. Kareem makes the loan on January 1, and the loan is still outstanding on December 31.

Calculate the imputed interest on this loan to Kareem.

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