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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Definitions:

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