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Business, 13.06.2021 04:10 sharmadaman641

You made a $500,000 loan at 10% interest when the CPI was 120. The loan was repaid five years after that, when the CPI was 130. Assume the tax on interest income is 20%. Calculate the tax you owe the government.

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You made a $500,000 loan at 10% interest when the CPI was 120. The loan was repaid five years after...
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