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On April 1, 2023, Phyllis loans her friend $200,000 to buy a house. The loan is interest-free. At the end of 2023 , the loan

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On April 1, 2023, Phyllis loans her friend $200,000 to buy a house. The loan is interest-free. At the end of 2023 , the loan is still outstanding: In 2023, the Appicable Annual Interest Rate is 12%. What is the amount of the gift (before any exclusions) What is the date of the gift

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