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On January 1, Father loaned Daughter $100,000 to purchase a new car and to pay off college loans. There were no other loans outstanding between

On January 1, Father loaned Daughter $100,000 to purchase a new car and to pay off college loans. There were no other loans outstanding between Father and Daughter. The relevant Federal rate on interest was 6 percent. The loan was outstanding for the entire year. Is there imputed interest for this loan and if so what is the amount of interest?

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