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I appreciate the clarification
I appreciate the clarification
will do, thanks Jill!
Re Renner:
The solution for the beneficial loan tax benefit is :Beneficial loan £20,000 × (2% – 1.75%) = $50
If the beneficial loan is given at 2% and the official rate of interest is 2.25%, how does 1.75% in the solution factor in?
Thanks for confirming
I will amend my own answers
