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A Loan Was Made 10 Years Ago for $140,000 at 10.5

Question 34

Multiple Choice

A loan was made 10 years ago for $140,000 at 10.5% for a 30 year term.Rates are currently 9.25%.What is the market value of the loan?

A) $128,271
B) $147,600
C) $139,828
D) $151,395

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