Multiple Choice
A borrower has secured a 30 year,$150,000 loan at 7% with monthly payments.Fifteen years later,an investor wants to purchase the loan from the lender.If market interest rates are 5%,what would the investor be willing to pay for the loan?
A) $75,000
B) $111,028
C) $118,478
D) $168,646
Correct Answer:
Verified
Correct Answer:
Verified
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