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Max loaned $9,500 to his daughter, Amanda, and charged no interest. Amanda has investment income of $1,500 and investment expenses of $400. Assume the applicable
Max loaned $9,500 to his daughter, Amanda, and charged no interest. Amanda has investment income of $1,500 and investment expenses of $400. Assume the applicable federal rate is 4%. How much interest should be imputed on the loan
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