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Mrs . Scott loaned $ 1 0 0 , 0 0 0 to her favorite niece, who agreed to pay 3 % annual interest on

Mrs

.

Scott loaned $

100, 000

to her favorite niece, who agreed to pay

3 %

annual interest on the debt. This loan is an example of a

/

an:

Multiple Choice

Public market transaction

Related party transaction

Arm's length transaction

Prohibited transaction

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